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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 HOUSTON
    Beacons Field Condominiums Write review for this local business
    1700 Main St, Houston, TX 77002
    (713) 659-2132  
    Bayou Lofts Condominiums Inc Write review for this local business
    915 Franklin St, Houston, TX 77002
    (832) 203-1091  
    2016 Main Home Owners Association Write review for this local business
    2016 Main St, Houston, TX 77002
    (713) 659-1801  
    Commerce Towers Write review for this local business
    914 Main St, Houston, TX 77002
    (713) 650-3900  
    One Park Place Write review for this local business
    1400 Mckinney St, Houston, TX 77010
    (713) 868-5933  
    The Marquis Downtown Houston Lofts Write review for this local business
    2115 Runnels St, Houston, TX 77003
    (713) 364-9931  
    Ballpark Mews Condo Assoc Alarm Line Write review for this local business
    2424 Navigation Blvd, Houston, TX 77003
    (713) 237-0447  
    Warwick Towers The Write review for this local business
    1111 Hermann Dr # OFC, Houston, TX 77004
    (713) 521-2222  
    5000 Montrose Condominiums Write review for this local business
    5000 Montrose Blvd, Houston, TX 77006
    (713) 523-5144  
    Parklane Condominium Write review for this local business
    1701 Hermann Dr # OFC, Houston, TX 77004
    (713) 523-3963  
    White Oak Condominiums Write review for this local business
    1880 White Oak Dr, Houston, TX 77009
    (713) 868-2238  
    The Royalton Condo LP Write review for this local business
    3333 Allen Pkwy, Houston, TX 77019
    (713) 874-1104  
    The Parc Condominium Association Write review for this local business
    3600 Montrose Blvd, Houston, TX 77006
    (713) 521-0433  
    Flats On Jackon Hill II Condiminium Assoc The Write review for this local business
    806 Jackson Hill St, Houston, TX 77007
    (713) 864-5142  
    Court At Museums Gate Write review for this local business
    4004 Montrose Blvd, Houston, TX 77006
    (713) 522-9423  
    Nine Mosaic LLC Write review for this local business
    5925 Almeda Rd Unit 11214, Houston, TX 77004
    (713) 581-1436  
    Bayou Bend Towers Condominium Write review for this local business
    101 Westcott St, Houston, TX 77007
    (713) 862-3232  
    Fourteen Hundred Hermann Condominiums Write review for this local business
    1400 Hermann Dr, Houston, TX 77004
    (713) 524-1811  
    Tremont Tower Condominium Write review for this local business
    3311 Yupon St, Houston, TX 77006
    (713) 533-9224  
    Parc I V & V Write review for this local business
    3614 Montrose Blvd, Houston, TX 77006
    (713) 529-3663  
    Il Palazzo Condominium Association Write review for this local business
    1401 Calumet St, Houston, TX 77004
    (713) 587-3709  
    Woodland Park Condominium Association Write review for this local business
    2710 N Sabine St, Houston, TX 77009
    (713) 861-7555  
    Huntingdon Council Write review for this local business
    2121 Kirby Dr, Houston, TX 77019
    (713) 528-7300  
    River Oaks Gardens Write review for this local business
    1601 S Shepherd Dr, Houston, TX 77019
    (713) 528-4868  

    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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