Contact Me
Cell: 201-280-2884

Emil Ratti
Sales Associate
License Ref #: 0230905

Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist
Reality Referral Network
Coldwell Banker | LinkedIn
Coldwell Banker
Office: (201) 327-5050
 Luxury Homes NJ Multiple Listing Service Free Market Analysis   Helpful Buying and Selling Tips Monthly Housing Stats Contact Us

Important Facts When Buying A Condo/Townhome

When buying into a condo complex, you are entitled to know some facts about the condo/townhouse
community. You will need to know the rules and regulations, the finances, who is in charge, and more.

Condo is a style and an ownership. A Condo style is like a ranch home – all rooms are on one level.
Townhouse is a style meaning on two or more levels. A townhouse is a condo ownership.

When you purchase a condo or townhouse, you are also buying into a special type of community with their own rules and regulations, finances, security, and other properties that you should be aware of.

Below is a list of just some of the information that you should be aware of:

   1. Name of complex.
   2. Management Company contact information.
   3. Monthly maintenance changes.
   4. Insurance information for the complex. Request insurance company, agent, telephone, and fax
   5. Get copy of rules, regulations, and bylaws. Also find out if there are any pending changes to the
       rules and regulations?
   6. Total or percentage of rented units.
   7. Total number of units owner occupied.
   8. What is the unit turnover rate?
   9. Is complex 100% complete or are there plans for more construction (units, common areas).
 10. Does subdivision contain any governmentally regulated low and moderate income housing units?
 11. Guest parking spaces.
 12. Are pets allowed?
 13. Are here any violations of any land-use or government regulation?
 14. Are here any environmental factors the complex of individual units?
 15. Annual budget.
 16. Available funds in Capital Reserve account.
 17. Association attorney and contact information.
 18. Are there any lawsuits or judgments on the condo association or management company?
 19. Is snow shoveling supplied and what is shoveled?

Your Realtor should be able to acquire most if not all of this information without charge. Some information, like the master deed, the management company may charge a fee to duplicate. The seller should have this information. 


REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

All rights reserved. No part of this webpage or website may be copied, reproduced, linked to or from, or transmitted without written permission of EDR Consulting Services Inc.

Designed and Developed by EDR Consulting Services
PO Box 1801 Little Egg Harbor, NJ 08087    201-280-2884

Legal Disclaimers