Condos & penthouses

Buy the building.
Then buy the suite.

A luxury condominium purchase is a decision about a building and a board first, and a specific suite second. Getting the order right protects the investment.

01

The building comes first

Reserve fund health, board governance, contractor relationships, envelope condition and long-term capital planning all matter more than any single amenity. A well-run building supports value; a poorly run one erodes it.

02

Condominium documents to review

A complete document set should be reviewed by a professional document reviewer prior to condition removal. Read the summary carefully, and read the underlying documents where anything is flagged.

  • Two years of board meeting minutes
  • Reserve fund study and financial statements
  • Bylaws, rules and any special resolutions
  • Estoppel / information certificate
  • Insurance certificate and deductible schedule
  • Any current or pending special assessments
03

Privacy, elevators and access

Consider private elevator access, floor-plate configuration, hallway acoustics, concierge or security protocols, and how deliveries and moves are managed in the building.

04

Parking, storage and secondary spaces

Verify parking title vs. lease vs. exclusive-use, EV charging capacity, storage locker location and any secondary spaces such as wine storage or bike rooms.

05

Building operations and lifestyle fit

Talk to residents where possible. Building culture matters as much as building design — quiet vs. social, family vs. lock-and-leave, permissive vs. restrictive.

06

Frequently asked

What condominium documents matter most?

The last two years of board minutes, the current reserve fund study and depreciation report, financial statements, the estoppel/information certificate, bylaws, any special assessments and pet/rental restrictions.

How important is the reserve fund?

Very. A healthy, well-managed reserve fund reduces the risk of unexpected special assessments and reflects a board that is planning proactively for envelope, mechanical and common-area replacements.

Do luxury buildings restrict short-term rentals?

Most established luxury buildings restrict or prohibit short-term rentals. Verify the bylaws before purchase if any rental use is contemplated.

Private consultation

Clarity begins with
a conversation.

Contact Dusko403 988 0033