what do you own when you buy a condo

what do you own when you buy a condo

Or you live in a condo for now, pay off your mortgage and then LATER move out of Toronto and buy a townhouse for cash or almost for cash. You’re welcome. And yes, I’m a realtor.

Though buying a home still makes a lot of sense, don’t do it just because you think you’re supposed to. For many people, I believe that renting is actually the way to go. For help sizing up your own best option, see " 4 Signs You Should Rent Instead of Buy a Home.

Whether you should buy a condo, a home, or rent really comes down to where you are in life, and what your preferences are. There are three primary housing situations available-buying a condo, buying a house , or renting an apartment.

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3) Do I plan on living here long term or short term? In general, condos do not appreciate as quickly as single-family homes. This means it will take longer to recoup your closing costs. The longer you.

Each condo complex will have their own rules and restrictions. You should be well aware of those before you buy a condo and find you can't.

The residents do their part to make the neighborhood the best it can. Maybe you don’t feel quite ready to buy your own condo, so you’re thinking about renting. But there’s a problem. Rental costs.

Buying a condo for the first time: Questions to ask and things to consider before buying In the series, Beach Real Estate Guide, WTOP’s Colleen Kelleher brings you advice on buying. Do you want to just come down on the weekends? Are you coming down in the offseason? Do you want to make.

As per Jay’s answer if a condo you own the unit itself but the land around the condo although you do have a share in it, that land ownership is shared by all of the other condo owners. Condo owners pay a monthly fee which covers maintenance for an.

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"Most of the things you need to be aware of when buying a condo don’t involve the unit itself. They have to do with the governing body that manages. involving the size of pets you are allowed to.

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