Condo insurance helps cover your condominium and your personal belongings if they are damaged. Get a condo insurance quote from Allstate today!
How to choose a mortgage lender: 5 tips Mortgages By Laurie Richards 8 min read Condo, townhouse, house, apartment: Which is right for you? Real Estate By Jennifer Bradley Franklin 6 min read Condo vs. townhouse: Which is best for you? Real Estate By Jennifer Bradley Franklin ...
In addition, many condo buyers do so intending to use it as a rental property.Condos can make great investments, particularly in neighborhoods with lots of renters or in locations with heavy tourism. If you’re thinking about taking this route, just remember to consider the tips, tricks and ...
By comparison, an apartment building is usually owned and managed by a property management company or property manager who deals with the tenants. Apartment dwellers typically rent their apartments from these property management companies and thus cannot renovate the space. Affordability: A key ...
Comparison with other investment options - Is real estate the best option for you, or are you better suited for other long-term investments? Don’t close yourself off to the options; be open to exploring and comparing various investments for your financial future. 6. Market trends and outlook...
Unlike comparing condos and townhomes, which is very much an apples-to-apples comparison, the differences between condo living and house living are much more significant. Condos are smaller and part of a community. Houses are in neighborhoods, and many new houses are built as part of planned ...
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Fees:In addition to your monthly mortgage payment, there will likely be a monthly fee to cover amenities, maintenance, insurance and reserves, which tend to increase over time. Investment risk:If a fellow condo owner goes into foreclosure and their unit changes hands at a steep discount, for ...