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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 GLENDALE
    Century Towers Assn
    1 review: *****
    2220 Avenue Of The Stars, Los Angeles, CA 90067
    (310) 277-0800 Write review for this local business

    "Stalag 13 had more freedom than this place. The 'new' additions to the CC&R's resemble the rule book used for the Al-Anfal campaign. - For all this pleasure, each and every homeowner is required to pay a king's ransom in fees and assessments. - This USED to be a wonderful community, supported by its members. - The new 'regime' has made that a distant menory. ..."
    Condo Connection Management
    1 review: *****
    8700 Reseda Blvd, Northridge, CA 91324
    (818) 718-2300 Write review for this local business

    "Very poor Customer Service and Follow up and lack of respect for condominium owners ..."
    Dylan Marshall Realty
    1 review: *****
    2502 W 117th St, Hawthorne, CA 90250
    (323) 376-9403 Write review for this local business

    "Dylan Marshall is a very hands on and detailed real estate broker that knows the real estate business ..."
    Verdugo Towers Write review for this local business
    1155 N Brand Blvd Ste 100, Glendale, CA 91202
    (818) 243-9017  
    Burbank Village Write review for this local business
    201 E Angeleno Ave, Burbank, CA 91502
    (818) 843-3034  
    Alma House Write review for this local business
    1123 Alma St, Glendale, CA 91202
    (818) 502-0929  
    Mountain West Condominium Write review for this local business
    125 W Mountain St, Glendale, CA 91202
    (818) 548-1046  
    Park Towers Homeowners Association Write review for this local business
    345 Pioneer Dr, Glendale, CA 91203
    (818) 548-1534  
    Loraine Condominiums Write review for this local business
    350 W Loraine St, Glendale, CA 91202
    (818) 500-1728  
    331 W Wilson Condominiums Write review for this local business
    331 W Wilson Ave, Glendale, CA 91203
    (818) 242-1984  
    Yorkshire Condo Homes Write review for this local business
    575 South St, Glendale, CA 91202
    (818) 550-9963  
    Dryden Condominiums Write review for this local business
    412 W Dryden St, Glendale, CA 91202
    (818) 543-7067  
    Bethany Woods South Hoa Write review for this local business
    230 Bethany Rd, Burbank, CA 91504
    (818) 843-3992  
    Cabrini Villas Write review for this local business
    9600 Cabrini Dr, Burbank, CA 91504
    (818) 504-9600  
    Villa Palm Condo Owners Assoc Write review for this local business
    622 E Palm Ave, Burbank, CA 91501
    (818) 567-2963  
    Verdugo Village Condominiums Write review for this local business
    1717 N Verdugo Rd Ste OFC, Glendale, CA 91208
    (818) 507-6988  
    The Falls at Montrose Write review for this local business
    2121 Valderas Dr, Glendale, CA 91208
    (818) 275-7752  
    Los Feliz Towers Homeowners Write review for this local business
    4455 Los Feliz Blvd, Los Angeles, CA 90027
    (323) 666-5700  
    The Woods At Toluca Lake Write review for this local business
    316 N Maple St, Burbank, CA 91505
    (818) 446-2502  
    Waterstone Media Center Write review for this local business
    311 N Buena Vista St Apt 108, Burbank, CA 91505
    (818) 841-3682  
    Tamarind Condominium Assn. Write review for this local business
    1955 Tamarind Ave, Los Angeles, CA 90068
    (323) 467-0433  
    Condominium & Community SP Ecialists Write review for this local business
    1023 N Hollywood Way, Burbank, CA 91505
    (818) 566-1700  
    Town & Country Terrace Business Ofc Write review for this local business
    2700 Cahuenga Blvd E, Los Angeles, CA 90068
    (323) 851-5211  

    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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