RE/MAX. Boardman, Ohio real estate and homes for sale. Servicing Boardman, Canfield, Poland, Youngstown, and all communities in the Mahoning Valley (Trumbull County, Mahoning County, and Columbiana County.)


RE/MAX Valley Real Estate
Agent Log On
Boardman, Ohio Official site for RE/MAX Valley Real Estate, Boardman, Ohio. Serving the real estate needs of the Mahoning Valley.

Boardman, Ohio Real Estate & REALTORS®

Home >> Home Buyers  >> Condominium


Buying A Condominium



10 Questions to Ask Your Condo Association
Before You Buy

0 Questions to Ask Your Condo Association

Before you buy, contact the condominium association or board with the following questions. In the process, you’ll learn how responsive — and organized — its members are.

1. What percentage of units is owner-occupied?

Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale.


2. What covenants, bylaws, and restrictions govern the property?

What grandfather clauses are in place? You may find, for instance, that those who buy a property after a certain date can’t rent out their units, but buyers who bought earlier can. Ask for a copy of the bylaws to determine if you can live within them. And have an attorney review property docs (CCRs), including the master deed, for you.

3. How much does the condominium association keep in reserve?

How is that money being invested?

4. Are association assessments keeping pace with the annual rate of inflation?

Smart boards raise assessments a certain percentage each year to build reserves to fund future repairs. To determine if the assessment is reasonable, compare the rate to others in the area.

5. What does and doesn’t the assessment cover — common area maintenance, recreational facilities, trash collection, snow removal?
6. What special assessments have been mandated in the past five years? How much was each owner responsible for?

Some special assessments are unavoidable. But repeated, expensive assessments could be a red flag about the condition of the building or the board’s fiscal policy.

7. How much turnover occurs in the building?
8. Is the project in litigation?

If the builders or homeowners are involved in a lawsuit, reserves can be depleted quickly.

9. Is the developer reputable?

Find out what other projects the developer has built and visit one if you can. Ask residents about their perceptions. Request an engineer’s report for developments that have been reconverted from other uses to determine what shape the building is in. If the roof, windows, and bricks aren’t in good repair, they become your problem once you buy.

10. Are multiple associations involved in the property?

In very large developments, umbrella associations, as well as the smaller association into which you’re buying, may require separate assessments.

See Also:


 Reprinted from REALTOR® Magazine Online
Copyright 2005. All rights reserved.

RE/MAX Valley Real Estate, Above The Crowd

Now Is The Time!

Congress is giving an $8,000 tax break to qualified First Time home buyers.

When you’re ready to buy, we’re ready to listen.

RE/MAX agents average more experience and more sales than other real estate agents. That’s because we treat every transaction the same way our clients and customers do –
like it’s the most important transaction in the world.

We’re waiting to help make your real estate dreams come true.

Just tell us what you want.

Nobody sells more real estate than RE/MAX.


RE/MAX Valley Real Estate; 1006 Boardman - Canfield Rd.; Boardman, OH 44512
RE/MAX Valley Real EstatePhone: (330) 629 - 9200
  1040 South Commons Place, #102Fax: (330) 629 - 9201
 Boardman, Ohio 44512Free: (866) 629 - HOME
   Driving Directions
RE/MAX Valley Real Estate REALTORS, Outstanding Agent Outstanding Results
 About RE/MAX    Career Opportunities    Contact Us    Home Search    Privacy Policy    Terms of Use 
 Equal Opportunity and Fair Housing HUD LogosNational Assocoastion of REALTORS (Multiple Listing Service) 
Copyright © 2009
Valley Real Estate
All rights reserved.
Revised: 06/24/09.
RE/MAX Valley Real Estate

is an independently owned and independently operated franchise of RE/MAX International Inc. The RE/MAX franchise network is a global real estate system of franchisee owned and operated offices, and their affiliated independent professionals. RE/MAX affiliates lead the industry in professional designations, experience and production. RE/MAX Valley Real Estate and RE/MAX International are Equal Opportunity Employers and support the Fair Housing Act.