One of the best ways to deal with potential problems at a Condo is to not get into them in the first place. While we would all love a crystal ball, the below Articles provide you with a few things to consider prior to making one of the largest purchases in your life.
BUY01 - The Primary Rule: Give Yourself Enough Time
- Time after time, this single rule is one to live by if you want to ensure one of the largest financial decisions you'll make in your life is a good one.
BUY02 - What to look for: Condo Bylaws for Buyers
- By-laws set the rules of the Condo/Strata for the Board and Residents alike. A good set will provide the foundation of a well run building. Read on for some advice on what to look for.
BUY03 - The Reserve Fund is Underfunded - What does that mean?
- OK you've finally gotten a copy of the reserve fund report. Scanning through it you see that it's lower than it should be. The Reserve Fund / Depreciation Report is...underfunded. Now what? This article will help you understand what that means.
BUY04 - What to look for: Board Minutes for Buyers and Owners
- This simple document is your main window into how the Board and Property Manager function as a team. As a Prospective Buyer or an Owner, read this article for things to look for when you read these documents.