Condos have many benefits. Some of the benefits of owning a condominium are: They are easier to maintain One of the biggest perks of living in a condo is that someone else takes care of the maintenance. You don't have to worry about finding a contractor to fix anything because everything...
Acondominium, often called a condo, is a housing arrangement that combines aspects of apartment living with homeownership. In a condo, individuals own their units while sharing ownership, maintenance, and common areas with other condo owners within the same building or community. Understanding the co...
Living in a condo has its benefits, it is not for everyone. So if you are considering to buy a condo unit, it is first important that you know and weigh the pros and cons of living in a condo. That way, you can determine if condo living is something that matches your lifestyle as...
So what is a condo? Should you buy one? Read on to get a sense of the pros and cons, and whether condo life is right for you. What is a condominium? A condominium, often shortened to simply “condo,” is a privately owned individual unit within a community of other units. In gener...
Townhomes are often a great option forfirst-time homebuyers, young professionals, and young families. Fully Owning Your Property Unlike a condo, where you only own the interior, you own the outside spaces and the interior of a townhouse. The combined land ownership gives you more scope to ma...
Steve hasn’t asked specifically about the rental potential of the property. But since it’s a common outcome, I decided to include it in the pros and cons of buying a vacation property for short-term rentals. I’ll be addressing Steve’s direct questions as well as the short-term rent...
Both, the buyers and tenants of a duplex house, enjoy greater mortgage facilities in a duplex house. The owner can recoup some of the interest paid on the mortgage, if he rents a portion of it, rather than owning the entire property on his own. ...
1. Little development potential: Owning a zero lot line home means there is no additional property to work with, meaning you likely won’t have the option to expand your home to add value by adding square footage. 2. Limited outdoor space: Some zero lot line homes have patios, which ...
Condominiums have a lot to offer, and their maintenance-free lifestyle may certainly sound appealing, but there are distinct advantages and disadvantages of owning a condo and, therefore, paying a fee. Ultimately, owning a condo is a decision to live in a communal setting where everyone agrees...
There can be drawbacks to owning a condotel unit. The costs for maintenance and cleaning services may be high. Charges may be based on the square footage of each unit. The owner of the unit may need to take out special insurance for the property. The pricing for a condotel unit might b...