Condo Red Flags; A Condo Buyer's Crash Course

Are you thinking about buying your first condominium? You are making a great choice. You are not just buying a piece of real estate but a lifestyle and a sense of community. Since I bought my first condominium back in the 70s I’ve never looked back. The benefits do not stop there. You’ll get access to unique amenities ranging from gyms to golf courses you’ll be able to move into a desirable location you could not otherwise afford and you’re even getting equity and tax advantages. Buying a condominium is an all round great choice especially for empty nesters and yuppies. However not all is as simple as it seems. Condominiums come with unique challenges not found with other type of residential properties. These problems can prevent you from enjoying your time in your new home cost you potential rental income or even hold you liable for tens of thousands of dollars that you will need to pay from your own pocket. Plus since most agents are not specialized in condominiums you may not even get a heads-up warning about all these red flags. You may discover them only when it is too late and there’s nothing you can do about it. This is what “Condo Red Flags” will help you prevent. I’m going to teach you in layman’s terms about the major red flags and downfalls you need to keep an eye out for when buying a condominium. While there are thousands of ways in which a deal can go wrong these 16 red flags are the most common problems you may encounter and if you stay clear of these you can be almost 100% sure that you’ve made a good decision. Invest in your education now before you pay hundred of thousands of dollars on your property. Do not rely on your real estate agent because unless he is experienced in marketing condominiums he may know just as little as you do. In just half an hour you can learn how to prevent mistakes that can cost you your happiness and tens of thousands of dollars in unnecessary fees.