Request the full document package
Ask for the declaration, bylaws, rules, budget, financial statements, reserve study, milestone inspection reports and recent meeting minutes. Minutes often reveal upcoming projects before assessments are announced.
Confirm financing eligibility
Some lenders have requirements about a building's reserves, owner-occupancy ratio or pending litigation. Check with your lender early so financing doesn't stall.
Know the rules you'll live with
Pets, leasing, renovations, parking and guests are all governed by association rules. Make sure they fit your plans before you commit.
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