AGNES DONNADIEU - Your Chicago Condo Expert - 773-862-3886
Specializing in Condominiums - Lofts - Townhomes - New Constructions - Resale.
Servicing River West, Bucktown, Wicker Park, Ukrainian Village, West Loop, Old Town.


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Do you like to share? If yes, you are in the right place. A new condo buyer needs to know that low maintenance obligations and security are offset by monthly assessment fees and adherence to the association's regulations.

CAREFREE CONDOMINIUM LIFESTYLE:

The carefree condominium lifestyle is the true difference between owning a condominium OR a single family home. Owning a condominium allows you to enjoy all the benefits of a fine home, with the added benefits of common facilities and amenities.

Keep in mind however, that your way of life changes when purchasing a condominium and some restrictions (guests, pets, children...) or limitations (parking, lawn parties, resale...) may apply.

That's why it is important to review the rules, regulations and by-laws of the condo association before purchasing.

How to find out if a condominium community is the right match for you?

Go talk to your future neighbors face to face or to the members of the association.

It's best to select a condominium where the association is willing to "partner" with its members, rather than one that leaves the residents to their own devices.

Chicago community areas map/Chicago is partitioned into four main sections: Downtown (which contains the Loop), the North Side, the South Side, and the West Side. In the late 1920s, the Social Science Research Committee at the University of Chicago subdivided the city into 77 distinct community areas for a long-term population study. The boundaries of these areas are more clearly defined than those of the over 210 neighborhoods throughout the city, allowing for better year-by-year comparisons. However, the ever-changing nature of a city means that several of the designations given in the 1920s may not still be in common use.

Buyers must understand their own priorities to be most satisfied with their home purchase.

Prior to buying, find out more about the condominium's management structure, including the board of directors and day-to-day manager.

It is always recommended to call the association president and ask questions about the role, objectives and financial situation of the association, including recent assessment charges, actual reserves for major improvements and repairs, annual operating expenses covered by the monthly assessment fees, etc...

Same applies if the condominium is professionally managed by a third party.

Are you looking for a condo, loft, or townhome in Chicago? Call Agnes at 773.862.3886 for availability.

LINKS

Understanding Reserve Funds

Illinois Condo Act

Condo vs. Townhome


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