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.
Condos & penthouses
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.
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.
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.
Consider private elevator access, floor-plate configuration, hallway acoustics, concierge or security protocols, and how deliveries and moves are managed in the building.
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.
Talk to residents where possible. Building culture matters as much as building design — quiet vs. social, family vs. lock-and-leave, permissive vs. restrictive.
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.
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.
Most established luxury buildings restrict or prohibit short-term rentals. Verify the bylaws before purchase if any rental use is contemplated.
Private consultation