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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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    Write review for this local business

    STANDARD LISTINGS:   CONDOMINIUMS-AND-TOWNHOUSES IN/NEAR OCEANSIDE
    Mesa Golf Carts
    1 review: *****
    1760 Monrovia Ave, Costa Mesa, CA 92627
    (949) 642-1300 Write review for this local business

    "poor quailty repairs and over priced needs exper. mechanic bad ..."
    Tustin Imperial Townhouses Ass
    1 review: *****
    1777 Mitchell Ave, Tustin, CA 92780
    (714) 544-1081 Write review for this local business

    "The security here is a joke. If you call them for anything, they never come. Parking here is supposed to be for stickers only. I have a permit sticker and still can't find parking anywhere. When you call security, they tell you they are coming and never show up. ..."
    Villa Serena Owners Association
    1 review: *****
    2031 Dairy Mart Rd Unit 1, San Ysidro, CA 92173
    (619) 690-3912 Write review for this local business

    "she has no word does not take care of condo problems as needed does not like to give deposit back in entirety no matter how clean condo is left...Apt. complex is swell to live in she is the only problem!!! ..."
    Sandpiper Condo Association Write review for this local business
    818 N The Strand, Oceanside, CA 92054
    (760) 721-2078  
    Sea Slope Rentals Write review for this local business
    2955 Ocean St, Carlsbad, CA 92008
    (760) 729-3907  
    Pacific Carlsbad Condominiums Write review for this local business
    3722 Carlsbad Blvd, Carlsbad, CA 92008
    (760) 730-9552  
    Padeo De Laura LLC Write review for this local business
    2360 Paseo De Laura, Oceanside, CA 92056
    (760) 231-1493  
    Raintree Flower Fields LLC Write review for this local business
    2666 Flower Fields Way, Carlsbad, CA 92010
    (760) 434-1060  
    Forest Glen Apartments Write review for this local business
    612 Los Arbolitos Blvd # OFC, Oceanside, CA 92058
    (760) 433-8718  
    Oceana Condominium Owners Write review for this local business
    3606 Vista Rey, Oceanside, CA 92057
    (760) 967-4182  
    Condo Care Write review for this local business
    1232 Keystone Way, Vista, CA 92081
    (760) 727-5122  
    Lindsay Management Services Write review for this local business
    7720 El Camino Real Ste 2A, Carlsbad, CA 92009
    (760) 436-1144  
    3rd La Costa Condo Hoa Write review for this local business
    2005 Costa Del Mar Rd, Carlsbad, CA 92009
    (760) 438-0513  
    The Highlands Write review for this local business
    830 S Rancho Santa Fe Rd, San Marcos, CA 92078
    (760) 727-2170  
    Rolling Hills Estates Write review for this local business
    4848 Olive Hill Rd, Fallbrook, CA 92028
    (760) 728-4115  
    Solana Beach & Tennis Club Write review for this local business
    447 S Sierra Ave, Solana Beach, CA 92075
    (858) 481-0155  
    Bel Mondo Condominiums Write review for this local business
    5525 Cancha De Golf, Rancho Santa Fe, CA 92091
    (858) 756-2747  
    Rock Spring East Write review for this local business
    1050 Rock Springs Rd, Escondido, CA 92026
    (760) 739-7625  
    Britton Capital Corp. Write review for this local business
    201 Lomas Santa Fe Dr, Solana Beach, CA 92075
    (858) 755-1545  
    Indian Palms Interval Write review for this local business
    535 S Highway 101, Solana Beach, CA 92075
    (858) 792-0904  
    Seascape Surf Write review for this local business
    555 S Sierra Ave, Solana Beach, CA 92075
    (858) 481-9771  
    Sienna Hills Write review for this local business
    145 W El Norte Pkwy, Escondido, CA 92026
    (760) 738-8572  
    Citadel Condominim Association Write review for this local business
    515 Monterey Ln, San Clemente, CA 92672
    (949) 492-0369  
    Barret Condo Management Write review for this local business
    463100 Po Box, Escondido, CA 92046
    (760) 746-9127  

    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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