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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.
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    MAP
    Write review for this local business

    STANDARD LISTINGS:   CONDOMINIUMS-AND-TOWNHOUSES IN/NEAR ATLANTA
    Oldfield At Grant Park Write review for this local business
    655 Mead St SE, Atlanta, GA 30312
    (404) 622-7577  
    City Heights Condominium Write review for this local business
    375 Ralph Mcgill Blvd NE Ofc 60, Atlanta, GA 30312
    (404) 688-1113  
    Renaissance Walk Write review for this local business
    171 Auburn Ave NE, Atlanta, GA 30303
    (404) 589-1194  
    City Plaza Write review for this local business
    133 Trinity Ave SW Ofc, Atlanta, GA 30303
    (678) 608-4352  
    McGill Park Condo Write review for this local business
    301 Central Park Pl NE, Atlanta, GA 30312
    (404) 589-4775  
    City View Write review for this local business
    433 Highland Ave NE, Atlanta, GA 30312
    (404) 692-7542  
    Wiiliam Oliver Condo Associates Write review for this local business
    32 Peachtree St NW, Atlanta, GA 30303
    (404) 658-0047  
    Jane Condominium Association I Write review for this local business
    437 Memorial Dr SE, Atlanta, GA 30312
    (404) 681-4152  
    90 Fairlie Condo Association Write review for this local business
    90 Fairlie St NW, Atlanta, GA 30303
    (404) 522-0120  
    123 Luckie St C Write review for this local business
    123 Luckie St NW, Atlanta, GA 30303
    (404) 577-6848  
    Central City Write review for this local business
    384 Ralph Mcgill Blvd NE, Atlanta, GA 30312
    (404) 525-2314  
    Cornerstone Write review for this local business
    800 Peachtree St NE, Atlanta, GA 30308
    (404) 748-9240  
    Windsor Over Peachtree Write review for this local business
    620 Peachtree St NE Ste 309, Atlanta, GA 30308
    (404) 872-1269  
    Dakota The Write review for this local business
    850 Piedmont Ave NE, Atlanta, GA 30308
    (404) 873-1144  
    Kingan & Co Condominiums Write review for this local business
    238 Peters St SW, Atlanta, GA 30313
    (404) 522-2442  
    Landmark Condominium Write review for this local business
    215 Piedmont Ave NE, Atlanta, GA 30308
    (404) 659-7035  
    Ponce Condominium The Write review for this local business
    75 Ponce De Leon Ave NE, Atlanta, GA 30308
    (404) 873-0337  
    The Reynolds Write review for this local business
    565 Peachtree St NE, Atlanta, GA 30308
    (404) 815-4989  
    Deer Lofts Condominium Association Inc Write review for this local business
    326 Nelson St SW, Atlanta, GA 30313
    (404) 835-5670  
    Centennial Station Condo Assoc Inc Write review for this local business
    89 Mangum St SW, Atlanta, GA 30313
    (404) 524-2003  
    Peachtree Loft Condominiums Write review for this local business
    805 Peachtree St NE, Atlanta, GA 30308
    (404) 872-4964  
    Masselton Condo Assoc Inc The Write review for this local business
    198 Ponce De Leon Ave NE, Atlanta, GA 30308
    (678) 704-4221  
    Renaissance Park II Write review for this local business
    240 Renaissance Pkwy NE, Atlanta, GA 30308
    (404) 389-9791  
    Fair and Walker Homeowners Association Write review for this local business
    238 Walker St SW, Atlanta, GA 30313
    (404) 525-3379  

    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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