8. Dirt and disrepair
As obvious as this seems, this may be a sign of a deeper malaise. If the common areas are grubby, not enough is being spent on cleaners. If repairs aren’t being carried out, and there is no money in the sinking fund, perhaps the developer promised unrealistically low levies or the building has been run by tightwads who planned to sell before they had to pay for repairs. Conversely, there are buildings where there is plenty in the sinking fund but the committee is ruled by someone who refuses to spend any of it, just in case. Either way, you have to be concerned that there may be even bigger problems than grubby carpets and chipped paintwork. Save yourself.