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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!
    MAP
    Write review for this local business

    STANDARD LISTINGS:   CONDOMINIUMS-AND-TOWNHOUSES IN/NEAR TAMPA
    Lakeside Crossing Condos Assoc
    1 review: *****
    701 S Madison Ave, Clearwater, FL 33756
    (727) 443-7870 Write review for this local business

    "There was no maintenance person at all to help with anything, things falling apart, place being broken into a lot, fire alarms going off in the middle of the night. Not a place I recommend at all. ..."
    Harbour Court Condo Associatiation Write review for this local business
    1002 S Harbour Island Blvd, Tampa, FL 33602
    (813) 221-4143  
    Island Place Master Associates Write review for this local business
    808 Island Walk Dr, Tampa, FL 33602
    (813) 307-9543  
    One Laurel Place Condominiu Write review for this local business
    201 W Laurel St, Tampa, FL 33602
    (813) 221-0913  
    The Towers of Channelside Write review for this local business
    1103 E Cumberland Ave, Tampa, FL 33602
    (813) 229-6500  
    Tampa Theater Buliding Condominium Association Write review for this local business
    707 N Franklin St, Tampa, FL 33602
    (813) 225-2505  
    Condo Association Write review for this local business
    777 S Harbour Island Blvd, Tampa, FL 33602
    (813) 356-0017  
    Island Place Condo Assoc Write review for this local business
    808 Island Walk Dr, Tampa, FL 33602
    (813) 227-9724  
    Bentana Tampa LLC Write review for this local business
    1238 E Kennedy Blvd, Tampa, FL 33602
    (813) 221-6768  
    Adalia Bay Front Condominiums Write review for this local business
    2 Adalia Ave, Tampa, FL 33606
    (813) 254-4334  
    Bayshore Royal Condominium Association Write review for this local business
    2109 Bayshore Blvd, Tampa, FL 33606
    (813) 251-4396  
    Valencia Condo Assoc Write review for this local business
    610 S Rome Ave, Tampa, FL 33606
    (813) 254-2597  
    Hyde Park Walk Condo Asso Inc Write review for this local business
    800 S Dakota Ave, Tampa, FL 33606
    (813) 258-4600  
    Hyde Park Place II Condo Association Write review for this local business
    1000 W Horatio St, Tampa, FL 33606
    (813) 254-7707  
    Parkside of One Bayshore Condominiums The Write review for this local business
    275 Bayshore Blvd, Tampa, FL 33606
    (813) 253-5315  
    Quarter At Ybor The Write review for this local business
    1800 E Palm Ave, Tampa, FL 33605
    (813) 242-4234  
    Ybor City Tarragon LLC Write review for this local business
    1800 E Palm Ave, Tampa, FL 33605
    (813) 248-3777  
    Fourth Ave Lofts Condominium Write review for this local business
    1914 E 4th Ave, Tampa, FL 33605
    (813) 247-4517  
    Fifth Avenue Condo Assn Write review for this local business
    2002 E 5th Ave, Tampa, FL 33605
    (813) 242-4128  
    Seventh Ave Business Condo Write review for this local business
    1724 E 7th Ave, Tampa, FL 33605
    (813) 248-2618  
    Mariner North Condominium Write review for this local business
    5701 Mariner St, Tampa, FL 33609
    (813) 286-7787  
    Shore Colony Condominium Association Write review for this local business
    4610 W Gray St Ofc 106, Tampa, FL 33609
    (813) 286-8515  
    Bayside Condominium Association of Tampa Inc The Write review for this local business
    3232 S Macdill Ave, Tampa, FL 33629
    (813) 805-9086  
    Stovall On Bayshore The Write review for this local business
    3203 Bayshore Blvd, Tampa, FL 33629
    (813) 837-5878  

    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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