Buying a condo typically means you'll share access to the complex's outdoor and common spaces. On the plus side, that means you may get to use amenities like a gym, lobby, elevator or garage. The downside is tha
What Is a Condo? A condominium (or condo) is a privately owned individual residential unit situated within a community of other housing units—like a high-rise residential building, condo complex, or neighborhood of townhomes ortownhouses. A person often owns a condo in joint sovereignty with ...
With condos, you have the ability to purchase individual units instead of purchasing a whole house or building. Usually, a condo complex will have a large garage or other parking structures with one or more spots assigned to each resident. Often condos have additional amenities, such as: Gyms ...
Condo ownership is typically confined to singular units within a larger complex (though it’s possible to buy multiple units), whereas homeownership may include ownership of the physical structure of the house and the land it sits on. Buying a condo Like any real estate purchase, you’ll likel...
This is one area where the costs of a condo can really shoot up. Keep in mind that the fewer amenities the condo complex has, the lower the HOA fees should be. Doormen, swimming pools, dog parks, gyms, parking garages, storage units and security all cost money. So, if you don’t ...
What is a condo? A condo, short for “condominium,” is a privately owned residence within a building or complex. Condos can vary widely in terms of layout and structure. Similar to apartments, studio, one-bedroom or two-bedroom floor plans are common, while neighbors might occupy adjacent ...
What Does Condo Mean? A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources. ...
What is condo insurance? A“condo” refers to an individually owned unit in a complex or building of units. A condo owner owns the space inside their condo and shares ownership interest in the community property, such as the floor, stairwells, and exterior areas. Condo insu...
For example, a contractor might help with window installations for a new condo complex. Gig workers: They are individuals who take on short-term jobs, like an on-demand field service technician who can fix a homeowner’s broken fence. They’re available for immediate tasks and can be called...
A loft differs from a traditional condo in a couple of ways. A typical loft is a remodel of a building originally built for another purpose, such as a warehouse or industrial facility. The remodel breaks the building up into living units, many with their own unique floor plan that best us...