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Before You Buy That Retirement Condo

Some things to check before you downsize to the retirement condo you think might be perfect:

  • Check if the condo association dues have increased from year to year
  • Determine if most of the units are owner-occupied and not rentals
  • Ask about any plans for any big infrastructure projects planned for the future – and how they’re supposed to be paid for
  • Ask if they have a reserve fund and how that fund is invested

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