Condo Buying Checklist
Table of Contents
Research
Determine where you want to live.
Decide what type of home do you want to live in.
Determine how much you can afford based on the location and the type of home you want to live in.
Take time to determine which builder you have the greatest confidence in.
Check out various web sites, drive by locations and meet the sales representatives.
Once you made your choices, work with a lawyer who specializes in condominium purchases.
Buying a Condo
Ask to see the minutes of the condo association.
Check if the members are paying their condo fees regularly.
Find out the delinquency rates of present owners.
Check if there is a reserve fund.
If the renter population is over 10%, there should be clear rental policies.
Check if the association has a proper insurance cover for the whole apartment block.
Make sure that you understand exactly what the association policy cover and what you are responsible for.
Get a lawyer or insurance agent to explain the points if you do not understand any clause under the insurance policy.
Check if there are any restrictions.
Ask other tenants about their experience.
Check if you have to manage condo block.
If the complex is professionally managed, check out the management company thoroughly.
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Presented by:
Nicole Nichols-West
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Who it's for
This Condo Buying Checklist is for anyone who wants a simple, practical way to get things done without missing steps.
- Avoid forgetting - keep all your Condo Buying essentials in one place (external memory)
- Save time - start from a proven Condo Buying structure instead of a blank page
- Stay on track - track progress, come back later, and keep momentum
- Coordinate with others - share the list and divide responsibilities
- Learn the process - follow the steps in a sensible order, even if it's your first time
How to use it
How to use this Condo Buying Checklist
- Save Condo Buying Checklist to your free Checklist account so your progress is saved and synced across devices.
- Customize it in the app: remove anything that does not apply, then add your own details for Condo Buying (dates, sizes, addresses, notes).
- If others are involved, invite them to collaborate and divide responsibilities.
- Work through the list: check items off as you go, and set reminders for time-sensitive steps.