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[quote=Anonymous][quote=Anonymous]We're looking to buy a condo when we retire in 3 years.  I've never lived in one.  What are the most important questions to ask to ascertain whether the building is well managed and to anticipate potential future problems?  [/quote]

First, choose a real estate agent who has a reputation specifically for buying and selling a lot of condos in the neighborhoods you are targeting. An agent that does a ton of condo transactions will know the good and bad of each building. They will even know which condos are well-run, which ones have had a lot of condo board issues, etc.

Second, you need to think more about noise when shopping for a condo. Some condo buildings are well built and have good soundproofing; others are not. It can be very hard to tell when you do a quick 15 minute tour of a unit, because it might be quiet just because the upstairs neighbor is out grocery shopping during your tour. Then you move in and it turns out you can hear every step and phone call through your ceiling. To avoid buildings with poor soundproofing, A) be very specific with your real estate agent that this is important to you (the ones that do tons of condo transactions will know which buildings to target for good soundproofing), and B) try to tour at busy times such as a weekday at 6:30pm when most people are home cooking dinner and making noise, not at 12 Noon on a Tuesday when many residents are away from the building.

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