ChicagoTribune.com: Checking the financial health of a condo association

Pamela Dittmer McKuen

Community Living — September 27, 2013

Before you buy a condominium, certainly you’ll check out the view, the closet space and the parking lot. But don’t fall in love with the unit until you know the association is financially stable. A stiff assessment increase or major building overhaul that pops up soon after you move in is sure to sour your affections. How does a prospective buyer find out whether an association practices sound money management? That aspect of your new condo life won’t be as obvious as the amenities and rules. But there are plenty of clues if you know what to look for and how to interpret them. You don’t have to be an accountant to do it.  Read more: