Buying a condo in South Florida: what to check beyond the unit
Building inspections, reserves, assessments, insurance, and association approval. The building is part of what you buy.
When you buy a condo, you also buy a share of the building’s condition, finances, and decisions. In South Florida, that part deserves as much attention as the unit.
Building safety and reserves
Since 2022, Florida has required milestone structural inspections for condominium and cooperative buildings of three or more habitable stories once they reach a certain age, and structural integrity reserve studies for buildings of that height. These rules have been amended more than once and may change again. Ask whether the building is subject to them, whether they are complete, and request the reports along with the current budget.
Special assessments
Ask about current and planned assessments, and read recent board minutes for projects under discussion.
Insurance
Understand the association’s master policy and what your own policy must cover. Get an insurance quote early, before your inspection period ends.
Association approval and rules
- Whether the association has an approval process, how long it takes, and whether it holds a right of first refusal. Practices vary by building, so read the declaration and rules.
- Rental restrictions, pet rules, and parking.
- Whether the building is approved for your type of financing.
A beautiful unit in a building with underfunded reserves can be an expensive purchase. Read the documents before you fall in love with the view.
Sources: Florida DBPR Division of Condominiums: Milestone Inspections and Structural Integrity Reserve Studies. Last reviewed September 28, 2026.
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Stoic IQ content is general educational information about real estate. It is not legal, tax, financial, or lending advice. Consult qualified professionals about your specific situation.