Are you interested in buying a home? Condominiums are a popular option for first-time buyers, as they come with a wide range of amenities and are often more affordable than purchasing a house. However, there are factors to consider before settling on the right condo to purchase. Below, Justyna Johnson – Edina Realty, the premier real estate agent in Woodbury, MN, discusses a few questions to ask when touring potential living spaces.

3 Questions to Ask When Buying a Condominium

1. What Are the Rules?

Buying a condo is a little different than buying a home. When you purchase a condominium, you are also joining a homeowner’s association, which means you will be subject to their rules for condo owners and tenants. Before you sign off on a purchase, it is crucial that you read through the rules and conditions to ensure you can live by them. These may include where you can park, what types of decorations you can hang, and whether pets are allowed in the facility.

2. How Much Are the Association Fees?

Most condominium complexes require condo owners to pay a monthly fee, which should cover general maintenance and amenities outside of your unit, such as the pool and gym. Always ask what the fees are every month, how often they rise, and what’s included with them.

3. What Am I Responsible For?

To prevent any legal disputes, it’s important to know ahead of time what you are responsible for as a condo owner. While you can expect to pay for any maintenance costs within your unit, fixtures such as balconies and fences could be considered common or personal areas. If it’s a common area, these repairs should be covered by a caretaker hired by the complex.

If you’re interested in buying a home, whether it’s a condominium or a house, it’s important to have a real estate agent you can trust to guide you through the process. Residents in Woodbury, MN, turn to Justyna Johnson – Edina Realty for her expertise and dedication to helping clients land their dream home. When you’re ready for the first step of buying a home, give her a call at (651) 501-2345 to schedule a consultation. You can also visit her website to browse her current listings. She also offers TRUSTimate, a free and accurate property report. Just text HOME to (651) 501-2345 for your report. You will receive no calls, spam, or sales communication — just the facts from Woodbury’s top local real estate agent.