Five Things You Should Know Before Buying A Condo

Provides a list of five important things that potential buyers should consider before purchasing a condo. First, they should research the builder and ensure they have a good reputation. Second, they should review the condo documents, including the declaration, by-laws, and rules. Third, they should understand the fees and what they cover, including common expenses and reserve funds. Fourth, they should understand the difference between common elements and exclusive-use areas. Finally, they should be aware of the warranty coverage provided by Tarion. The blog also provides additional resources for those looking to purchase a condo.