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Important Information For Condo Buyers
When purchasing a condominium make sure that you ask for the last three to six months of the condominium minutes. This infomation will provide you with alot of insight into what is happening in the building. Obtain a copy of the Declaration, the bylaws, and any rules and regulations from the Condo Association. To make sure you are buying into a financially sound building, it is also advisable to find out if the building has any outstanding loans with a bank. Some buildings may take out loans instead of doing a special assessment as a way of doing major work such as new elevators or the exterior facade of the building. Make sure you obtain a statement from the Condo Association of any capital expenditures anticapted by the Board within the current or succeeding two fiscal years. Find out from the Condo Association if there are any pending suits or judgements in which the Board is a party.
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1515 S Prairie Ave #808, Chicago, IL 60605, 5,000 2 beds, 2 baths
1288 sqft, 2 beds, 2 baths, condo in Chicago, IL - Near South Side
W Bryn Mawr Ave, Chicago, IL 60659, 4,900 2 beds, 1 bath
2 beds, 1 bath, condo in Chicago, IL - Lincoln Square
S Langley Ave, Chicago, IL 60615, ,000 4 beds,
1848 sqft, 4 beds, condo in Chicago, IL - Grand Boulevard
If you don't like being a landlord then certainly you'll enjoy pre-construction much better than condo conversion.
Chicago Condominium For Sale
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