Condo Considerations: Questions to Ask When Buying a Condo

Here are some common questions to ask your agent, your mortgage broker and yourself when you are thinking of buying a condo.

  • How much can I afford per month?
  • Is the condo is my price range?
  • Is the community that I like?
    • Where are the grocery stores, shopping malls, bars?
  • Is there enough space for my needs?
  • What is the condition of the condo unit?
  • Do the common areas need repairs, renovations?
  • How old is the condo?
  • Is there a parking facility?
    • Is parking assigned?
    • Is there a fee to park?
    • Is there guest parking and if so where?
  • Does the condominium have access to public transportation?
    • Metro or bus only?
    • Shuttle or Limo service?
  • What are the chances that this condo will increase in value?
  • What type of security system is in place?
  • Does the condominium association allow pets? If so how many and what type?
  • What are the condo fees and what they include?
  • What is the condo association policy about renters?
  • How much is in the reserve fund?
  • Does the condo association have a certificate of insurance?
[mortgage interest_rate="3.5" mortgage_term="30"]
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Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.