5 Crucial Questions to Ask Before Buying Your Dream Condo

A Woman Standing on a Condo Balcony

Buying a condominium can feel like a whirlwind of excitement, anticipation, and, let’s be honest, a bit of anxiety. After all, it’s not just about finding a space that feels like home; it’s also about making a smart investment choice, understanding what you’re signing up for, and ensuring it aligns with your lifestyle and future plans. So, before you fall head over heels for that high-rise with the killer view or that cozy unit by the park, make sure you’ve got answers to these five essential questions.

1. What Are the Monthly Condo Fees, and What Do They Cover?

First things first, let’s talk about the money, honey. Condo fees can be a deal-maker or breaker, and they’re as varied as the condos themselves. These fees go towards the upkeep of common areas, amenities, and sometimes even utilities. Understanding what these fees cover—and what they don’t—is crucial. Ask for a detailed breakdown, and while you’re at it, inquire about the history of fee increases. This will give you a sense of whether those sunset swims in the communal pool are really worth it and if you should brace yourself for future fee hikes.

Girls Swimming in Condo Complex Pool

Girls Swimming in Condo Complex Pool

2. What’s the Reserve Fund Looking Like?

Think of the reserve fund as the condo’s safety net. It’s the money set aside for major repairs and upgrades, like fixing the roof or updating the HVAC system. A healthy reserve fund means the condo is prepared for the unexpected, protecting you from jaw-dropping special assessments. Ask to see the reserve fund’s status and any plans for its use. A transparent conversation here can save you from future financial headaches.

3. How Does the Condo Association Handle Rules and Regulations?

Every condo community has its own set of rules—some might fit your lifestyle, and others might clash. Whether it’s pet policies, renovation restrictions, or rental limitations, getting a clear picture of these rules is non-negotiable. Dive into the bylaws and ask about any potential deal-breakers. Remember, it’s not just about whether you can live with the rules today, but if you can abide by them for the foreseeable future.

Views from a High-Rise Condo Building

Views from a High-Rise Condo Building

4. What’s the Noise Situation Like?

Ah, the joys of shared walls. Noise can be a significant concern in condo living, affecting everything from your sleep quality to your sanity. During your visit, listen for potential noise issues, and don’t hesitate to visit at different times of the day. Ask current residents about their experiences, and check if the building has any noise reduction features. After all, peace and quiet are priceless.

5. Are There Any Pending Litigations or Disputes?

This might seem like digging for dirt, but it’s actually about protecting your investment. Litigations or disputes involving the condo association can be red flags, signaling potential financial and legal troubles down the line. Ask directly about any ongoing issues and consider the implications for your purchase. An informed decision now can prevent unexpected turmoil later.

Wrapping Up

Navigating the condo market can feel like trying to solve a puzzle without all the pieces. But by asking these five questions, you’re taking control, ensuring that you gather all the necessary information to make an informed, confident decision. Remember, buying a condo is not just about finding a place to live—it’s about investing in your future happiness and security. So, take your time, do your homework, and don’t be afraid to ask the tough questions. Your dream condo awaits!


Q: How often do condo fees increase?
A: Condo fees can increase for various reasons, including inflation, unexpected repairs, or enhancements to the property. It’s essential to ask about the history of fee increases to gauge future changes.

Q: Can I rent out my condo?
A: This depends on the condo association’s rules. Some condos have restrictions on renting, so it’s crucial to clarify this before purchasing if you’re considering renting out your unit in the future.

Q: What should I know about the condo’s insurance coverage?
A: Understanding the insurance policy that the condo association holds is critical, as it impacts what you’ll need to insure personally. Typically, the association’s policy covers common areas and the building’s exterior, but you may be responsible for your unit’s interior and personal belongings. Ask for specifics about the coverage to ensure you’re not under or over-insured.

Q: How do I find out about the condo community’s culture?
A: The vibe of the condo community can significantly affect your living experience. To get a feel for the community culture, attend a condo association meeting if possible, speak to current residents, and spend some time in the common areas. Observing interactions between neighbors and noting the general atmosphere can give you valuable insights into whether you’ll feel at home.

Buying a condo is a big step, but armed with the right questions, you’re well on your way to making a choice that’s right for you. Happy condo hunting!

About the Author
Meghan Henderson
Meghan is the Marketing Specialist for The Cameron Team and a published author of two young adult books. She also creates digital and printable planners and trackers, as well as coloring pages for Larkspur & Tea.