When purchasing a resale condo, there are some important things to keep in mind that may not be evident at first. For example, you have the right to review the financial documents of the condo such as operating budgets and other financial statements. You should also have a home inspection and find out exactly what is included in the purchase price, including any hidden costs such as leases on furnaces which are passed on to the owners, knowing what municipal services are included (garbage pickup, snow removal). It is also a good idea to find out what your monthly condo fees cover.
