1) Please do not compare before you buy. Fall in love with the place and don’t look at your future neighbors. Don’t get familiar with the neighborhood and feel like you and your family have been parachuted into this unit.

2) Don’t bother to read the minutes of the homeowners association annual meeting that the owner will provide to his real estate agent to give him a background on the activities of the condo. Don’t make a distinction between normal and capital expenditures and don’t discover the importance of a reserve fund.

3) Don’t attend the condo owners annual meeting and don’t find out what to expect next year or what happened last year. Don’t think about spending a few minutes of your time studying the financial statements for the last 5 years, including the accompanying notes that could shed light on the financial status of the association.

4) Do not be present at special appraisal meetings that are often called to explain in somewhat important detail the amounts that will be charged to pay for unforeseen or poorly planned capital expenses, and do not ask questions about additional fees that may be required. that can last for many years

5) Don’t get involved in any committee or board of trustees and don’t ask or try to gauge the grade, not of managers’ social skills, but of their building management or business acumen and competence.

6) Don’t take care of your unit and plan to leave before major renovations are required, leaving the mess to others. It doesn’t matter if the other unit owners have a similar attitude and believe in this “laissez-faire” philosophy.

7) Do not read the rules and regulations of the homeowners association guide and let others worry about the condition of the building and its management.