With a condo mortgage, your money is going to eventually pay off the price of your living space. 2. Your condo might appreciate in value over time. The value of a home can appreciate over time, making a condo a potentially worthwhile investment. If you add valuable renovations to your ...
The big difference between a condo and an apartment is that you generally own a condo, while you rent an apartment. Apartment buildings are usually owned by a single owner (such as a property management company) and the buildings are used solely for rental purposes. However, condos that are ...
The Transformative Power Of Views From treetops to water views, the vistas outside our windows shape our well-being, daily lives and home values. Gerard SplendoreJan. 31, 2025 5 Beautiful Garden Ideas for Winter Summer isn't the only time to enjoy your home's outdoor spaces. These five ...
When you own a condo, you co-own an entire property. Find out about the rights and responsibilities of ownership in the article.
What is a condo? In spite of commonly attributing condominiums to tall buildings we see in the city, condo pertains to the type of ownership and not to the type of building. Distinction between different types of home usually comes down to the type of ownership. ...
Why buy a condo? For many buyers, the answer to this question is simplicity. With most condo developments, you only have to take care of your home’s interior. All the rest is handled by a professional management company. There’s no lawn to cut, flowerbeds to maintain or driveways to...
A short sale or foreclosure are two possible outcomes for homeowners who are behind on their mortgage payments, own a home that isunderwater, or both. In either case, the owner is forced to part with the home, but the timeline and consequences are different. ...
1. What is a Condo? 2. What is an Apartment? 3. Is a Condo More Expensive Than An Apartment? 4. Pros of Renting a Condo 5. Pros of Renting an Apartment 6. Cons of Renting a Condo 7. Cons of Renting an Apartment 8. Verify Rental Restrictions Before Renting Out Your Condo ...
Although you’ll find row houses that are built side by side on small lots (often in densely populated cities), a more typical example is the suburban home on a big lot with a couple of trees and a large lawn to mow. What Is a Condo?
The term HOA is an abbreviation for homeowners association. A community that’s governed by an HOA can consist of individual houses, townhouses, high-rises or condos, often within aplanned community. The responsibilities of the HOA can vary based on property type — for a condo development it...