Pros & Cons of Buying a Condo – Is It Worth It? – However, condo living isn’t for everyone. There are some important questions to ask before you buy a condo and just as many downsides as there are benefits. Let’s look at the pros and cons of condo life. What Is a Condo? A condo is like an apartment that you own, right? Sort of. But there are some big differences between an apartment and a condo.
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Do you own a condo? Get the scoop on MA Condo Statute 183A. – MA Condo Statute 183A, 10C doesn’t really sound that sexy or exciting but if you own a condo here’s some information you should know. Currently, this statute mandates that all condo boards must maintain all financial condo documents for owner’s to access for 7 years.
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Buying A Condo – Ask These 6 Questions First | Bankrate.com – Before you buy a condo, ask the right questions to avoid making a mistake.. Buyers need to think of purchasing a condo as signing a business agreement with all others who own in the project.
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Co-Op vs. Condo: What You Need to Know | HuffPost – Condo owners tend to keep to themselves, seeing that they own their property, while co-op owners see their role as part of the whole, rather than as an individual.
What do you really own when buying a condo/town home. – When you buy a condo you are buying an undivided interest in the entire project. You own part of every building and common area. You also exclusively own the space of your unit. You may also own the right to use the balcony or patio if those exist. Your homeowners dues cover the maintenance of the common areas and the buildings.
How Much Money Do You Need to Buy a Condo? – Budgeting Money – How Much Money Do You Need to Buy a Condo? If owning a home appeals to you, but keeping up a lawn doesn’t, condo living might be the way to go. Condos, short for condominiums, are similar to apartments, but rather than renting the space, you own it.
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Do You Need Homeowner's Insurance if You Own a Condo? – In many ways, buying a condominium offers fewer headaches than owning a single-family home: you don’t need to take care of yard work or snow removal, nor do you have to handle major maintenance issues on the building itself. However, not everything about condo living is easier.