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Buying a condo versus buying a house #1: Condos come with their own set of fees and rules. Fact #1: When you buy a condo, monthly maintenance fees are required to pay for upkeep of common areas and amenities. Fact #2: Your condo association can set rules, including the type of pet you can own and whether you are allowed to rent out your unit.
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Washington condo reform gains steam amid shortage of affordable homeownership options – But people who just want to be able to buy a small, reasonably priced condo. Why aren’t more condos getting built? A big part of the reason, any developer will tell you, is Washington state’s.
Should I Buy a Condo? The Pros and Cons | realtor.com – You don’t own the land. A condo is a building or complex consisting of multiple apartments that are individually owned. The entire building is owned by an individual or a property management company, but condo owners do not hold the title to the land on which the structure sits. This means the value of the property you own will consist solely of your condo.
How Much Money Do You Need to Buy a Condo? – Budgeting Money – The biggest factor in determining how much money you need to buy a condo is the location. Condos in downtown los angeles, for example, have a median price of $620,000. This means half of all condos are less than $620,000 and half cost more. Condos in the Cleveland, Ohio, area have an average price of $168,544.
9 Important Questions to Ask When Buying a Condo – Have you been thinking about buying a condo? Perhaps the condo is in an up and coming neighborhood, and you want to buy before prices start to skyrocket.Or perhaps you’re tired of not being able to paint the walls of your apartment, and you’re ready to take the next step towards home ownership.
Condo Buying Tips You NEED To Know! – chadmiller.com – Condo Buying Tips You Need To Know. Tips for Buying a Condo. Purchasing a Condominium is a great way to create long term wealth as well as get your piece of the American Dream. Unfortunately, even experienced home buyers can run into costly issues that could otherwise be avoided.
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