Asked and AnsweredWe love the apartment, but the building has bad financials. Should we go ahead?
Maybe. Bad finances can mean different things to different buildings. Large co-ops and condos can spread an assessment for repairs over a large number of unit owners. Small buildings don’t have that luxury. Apartments with high maintenance or common charges are always more difficult to sell. Let’s put it this way, if the building has minimal reserves and large capital improvements coming up, such as a major overhaul of the façade, keep looking.