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Inquire about associationAEs finances before buying a condo.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 07-AUG-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Inquire about associationAEs finances before buying a condo.(Real Estate)

Article Excerpt
Purchasing a condominium may be the first significant financial decision a homebuyer makes. While the location, building design and amenities are important, there are also several financial and legal aspects to consider before making the commitment.

In condominium living, that commitment includes not only the purchase of property, but also automatic membership into a condominium association.

For people making their first entree into the home-buying market, condominiums historically had the best appreciation of any residential real estate investment.

The information you gather before the purchase will help you create a complete picture of how the association operates. You should become familiar with some of these nuances and learn what makes this transaction...

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