Allendale condominiums & townhouses

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Questions to Ask about Condominiums

If you're looking into condominium sales in hopes of moving into one, you're probably aware already that this is a potentially life-changing decision. It's an important next step for many who decide they no longer wish to rent an apartment or lease their housing. Before you buy that attractive waterfront condo for sale, there are some vital questions you need to ask before you sign the dotted line.

  • How much money is in the reserve fund?
    The reserve fund is the money kept available for repairs and maintenance. As a general rule, the older the building, the more money should be in the fund. If the fund gets too low, you may face rising monthly fees.

  • What regular fees are assessed?
    Condos usually collect a monthly fee, called an assessment, from each unit to help with general upkeep. These can vary substantially, so make sure they will not pose a burden on you. But low fees can also cause problems because a luxury waterfront condo can fall into disrepair if there are no funds to maintain it.

  • Is the condo association run by the owners or an outside management company?
    Many condominiums are managed by the unit owners themselves. Others hire outsiders experienced in real estate management. Self-managed condos often have relatively low monthly fees, but they can run into problems when neighbors can't agree on housing regulations. If the condo is run by a professional management company, you should check their credentials.

  • What restrictions are in place?
    Because you will be sharing common elements, such as pools and laundry rooms, you need to check the rules and regulations governing these. Like apartment buildings, you may face restrictions on parking privileges and pet ownership, among other things. You may not be allowed to rent or lease your unit to others when and how you wish.
  • Community Associations Institute
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    Write review for this local business

    Condominium Management Service
    1 review: *****
    PO Box 4264, Trenton, NJ 08610
    (609) 599-3311 Write review for this local business

    "I was VERY disappointed with the professionalism of this company. I thought that being in business for so many years, there would have been more to appreciate. Their service is terrible--their staff, unqualified and unresponsive to your needs. They were bought out by another company and that hasn't made their service better--only more customer unfriendly. FIND ANOTHER MANAGEMENT COMPANY IF YOU ..."
    Bakers Bay Condominium II Maintenance Ofc
    1 review: *****
    5100 Convent Ln, Philadelphia, PA 19114
    (215) 632-5718 Write review for this local business

    "Wonderful maintenance, beautiful setting, great neighbors. ..."
    Kings Croft Condominium Association
    1 review: *****
    137 Kings Croft, Cherry Hill, NJ 08034
    (856) 482-2605 Write review for this local business

    "really nice community with a lot of benefits. benefits include water, snow plow, grass mowing, excellent maintenance ..."
    16 Arrow Road Associates Write review for this local business
    16 Arrow Rd, Ramsey, NJ 07446
    (201) 818-6110  
    Riverside II Condo Assoc Write review for this local business
    36 Wanamaker Ave, Waldwick, NJ 07463
    (201) 444-1076  
    Cambridge West Condominium Pool Write review for this local business
    725 E Crescent Ave, Ramsey, NJ 07446
    (201) 934-6909  
    Windham North Condo Assoc Inc Write review for this local business
    407 Windham Ct N, Wyckoff, NJ 07481
    (201) 891-9861  
    Indian Field of Mahwah Townhouse Association Inc Write review for this local business
    33 Grist Mill Run, Mahwah, NJ 07430
    (201) 529-1551  
    Paddington Square Condo Assoc Write review for this local business
    1 Chads Barn, Mahwah, NJ 07430
    (201) 529-4475  
    Society Hill At Kilmer Woods III Write review for this local business
    1225 Mulberry Dr, Mahwah, NJ 07430
    (201) 327-3665  
    Darlington Ridge Pool Write review for this local business
    1225 Mulberry Dr, Mahwah, NJ 07430
    (201) 327-9611  
    Walsh Hall Condominium Assoc Write review for this local business
    4602 Rio Vista Dr, Mahwah, NJ 07430
    (201) 529-2939  
    Apple Ridge Condominium Assoc Write review for this local business
    400 Apple Ridge Blvd, Mahwah, NJ 07430
    (201) 934-6677  
    Brookside Manor Condos Write review for this local business
    130 Storms Dr, Mahwah, NJ 07430
    (201) 891-7887  
    Hopper Ridge Co Write review for this local business
    17 Durar Ave, Ridgewood, NJ 07450
    (201) 652-0233  
    Douglass Realtors Write review for this local business
    121 Chestnut Ridge Rd, Montvale, NJ 07645
    (201) 573-0660  
    Bears Nest Townhouse Club House Write review for this local business
    60 Earlshire Run, Park Ridge, NJ 07656
    (201) 391-5497  
    Bears Nest Town Write review for this local business
    239 Spring Valley Rd, Park Ridge, NJ 07656
    (201) 391-7953  
    SK Park Ridge Associates Write review for this local business
    88 Park Ave, Park Ridge, NJ 07656
    (201) 391-2083  
    Valley Condominium Association Inc Write review for this local business
    43 Yawpo Ave Ste 4, Oakland, NJ 07436
    (201) 337-8857  
    Redmor Associates Write review for this local business
    302 Orangeburgh Rd, Westwood, NJ 07675
    (201) 750-9831  
    Lakeside At North Haledon Write review for this local business
    61 Spruce Ln, Haledon, NJ 07508
    (973) 427-3221  
    Roxbury Condominium Assoc Write review for this local business
    550 Fairview Ave, Westwood, NJ 07675
    (201) 664-7294  
    Blue Ridge Manor Write review for this local business
    39-11 Dobrin Ct, Fair Lawn, NJ 07410
    (201) 797-0301  

    Condominiums are a great alternative to renting an apartment or townhouse because you will be the sole owner of the condo. Condominiums are basically apartments for sale or sometimes lease to own. Condominiums can have multiple bedrooms, be in high rise buildings downtown, and often times come with laundry facilities either in the condo itself or on the property. Newer luxury or contemporary condominiums sometimes come fully furnished and almost all of them have full kitchens.

    Condos often offer 24 hour security services for their residence so people can feel safe while they are at home or on vacation. Real estate agents play a very important role in condos for sale which is often different from when people lease property. Real estate agents will put listings online, in papers, and sometimes even magazines that appear in hotel lobbies. New condos are also featured in home magazines to show kitchen or bedroom styles and can also be featured in architecture magazines to debut new high rise designs.

    People who want to sell, do inspections, or appraisals on condominiums often need to be licensed by the state or county they work in and sometimes you need a realtor's license to sell a condo depending on the state you live in. Inspections and appraisals are often required or at least highly encouraged when buying a condo.

    Condominiums offer individuals and consumers various options for living and investing. They are a good alternative to renting or leasing because a person will own the property instead of paying monthly rent payments.

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