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Are you looking to buy a condo in Calgary? All Condominium purchases regardless if you are looking at condos for sale in Calgary’s Downtown district, Auburn Bay or Airdrie, all offers should be conditional to a proper condo doc check by an accredited company.
Things to look for in the condo doc review:
- Reserve Fund – Fully funded? This means all projected replacement projects should be planned for and contributed towards on a monthly basis.
- Have all previous replacements been completed?
- Operating Budget – Running a surplus or a deficit?
- Investments – How is the Board investing pooled funds?
Just a few things to look for, but again it is recommended to employ a certified company to do a proper condominium document review.