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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
    The leader in providing education and resources to the volunteer homeowners who govern community associations and the professionals who support them. Get valuable resources by joining our association today!
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    Write review for this local business

    STANDARD LISTINGS:   CONDOMINIUMS-AND-TOWNHOUSES IN/NEAR DALLAS
    McKinney Avenue Lofts Condominiums Write review for this local business
    1999 Mckinney Ave, Dallas, TX 75201
    (214) 953-1375  
    The Metropolitan Club Write review for this local business
    2300 Leonard Street, Dallas, TX 75201
    (214) 202-9383  
    The Marquis of State Thomas Write review for this local business
    2400 Thomas Ave, Dallas, TX 75201
    (214) 989-4740  
    Ritz-Carlton Tower Residences Write review for this local business
    2555 N Pearl St Apt 201, Dallas, TX 75201
    (214) 855-2020  
    The Davis Building Write review for this local business
    1309 Main St, Dallas, TX 75202
    (800) 305-2160  
    Marquis West End Write review for this local business
    800 Ross Ave, Dallas, TX 75202
    (214) 506-0129  
    Burk Lawrence R Write review for this local business
    1412 Main St, Dallas, TX 75202
    (214) 742-5301  
    Beverly On Turtle Creek The Write review for this local business
    3621 Turtle Creek Blvd, Dallas, TX 75219
    (214) 522-5890  
    Bryan Place Condos Write review for this local business
    1001 Liberty St, Dallas, TX 75204
    (214) 824-3449  
    Michael Kelly Realtor Write review for this local business
    3030 Mckinney Ave, Dallas, TX 75204
    (214) 871-1110  
    The Claridge Association Write review for this local business
    3510 Turtle Creek Blvd, Dallas, TX 75219
    (214) 522-3600  
    Bryan Place Condos Write review for this local business
    3033 San Jacinto St, Dallas, TX 75204
    (214) 824-8667  
    The Gold Crest Condominiums Write review for this local business
    3601 Turtle Creek Blvd, Dallas, TX 75219
    (214) 528-5643  
    Turtle Creek Gardens Condomini Write review for this local business
    2525 Turtle Creek Blvd, Dallas, TX 75219
    (214) 521-9180  
    Turtle Creek North Write review for this local business
    3701 Turtle Creek Blvd, Dallas, TX 75219
    (214) 526-0185  
    Twenty-One Turtle Creek Condominiums Write review for this local business
    3883 Turtle Creek Blvd, Dallas, TX 75219
    (214) 526-7711  
    River Oaks Condominiums Write review for this local business
    4837 Cedar Springs Rd, Dallas, TX 75219
    (214) 528-5761  
    Park 4200 Write review for this local business
    4220 Herschel Ave, Dallas, TX 75219
    (214) 522-9000  
    Ilume Write review for this local business
    4123 Cedar Springs Rd, Dallas, TX 75219
    (214) 520-0588  
    La Tour Condominiums Write review for this local business
    3030 Mckinney Ave, Dallas, TX 75204
    (214) 871-1930  
    Marquis at Texas Street Write review for this local business
    2801 Live Oak St, Dallas, TX 75204
    (469) 522-3296  
    Marquis at Turtle Creek Write review for this local business
    3001 Sale St, Dallas, TX 75219
    (469) 522-3182  
    Marquis at Cedar Springs Write review for this local business
    3604 Cedar Springs Rd, Dallas, TX 75219
    (469) 522-3340  
    Marquis on Gaston Write review for this local business
    2752 Gaston Ave, Dallas, TX 75226
    (469) 522-3331  

    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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