Read the monthly meeting minutes and AGM minutes closely. Does it look like the board knows what they're doing? Do they even meet regularly? Try and find out more about the Board members.
Review the reserve fund closely - make sure the amount specified in the reserve report is what's in the bank.
At the end of the day, a good and effective Board is what seperates a building from retaining its value and being a great place to live, vs turning into a slum.
Checkout the parkade. Does it have cameras or other security measures? Parkade prowling is a big problem in the city right now.
Living in a condo is perfectly fine as long as you have a proactive building and Board - and that doesn't necessarily mean the lowest condo fees. With the new starter homes jammed 10 feet apart - you might as well live in a townhouse IMHO. Me - if I liven in an apartment style again, it'll be a high end one as that's your best bet for standards staying high.
Last edited by I-Hate-Hulse; 06-17-2007 at 12:04 AM.
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