What To Know About Buying A Condo

Socially, condos can be great for singles, couples, and families. Your proximity to your neighbors and access to shared areas mean there will be greater opportunities for you to meet new people. You’re likely to have less privacy, however, when you’re sharing walls and building access.

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And the electric fireplace is topped with a marble mantel. The home office is the size of a closet. Podcasters, however, will know exactly what to do with the space: Get real estate news and gossip in.

8 Things to Know About Buying a Condo It’s condo season again in Florida. If a condo purchase is going to be part of your future keep reading for some great tips.

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Expert advice on what you should know before purchasing a condo.

Many condo buildings have what are known as "rental caps." This is a limit, set by the condo board or HOA, that restricts the number of condos that can be rented out (vs. owner occupied). As an investor, you’ll want to know for certain that the condo you’re purchasing can in fact be rented. HOAs have more power than you would think.

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5 Things for Condo Buyers to Learn Before Buying a Property Before signing on the dotted line, find out exactly what you might be getting yourself into. By pat mertz esswein , Associate Editor.

 · One of the more essential questions to ask when buying a condo is how much money is contained in the reserve fund. Finding out what’s in reserve is important because it establishes the financial health of the association. You want to know if the association has budgeted enough money if an unforeseen expense arises.

We weren’t prepared to buy a house by a long shot. The front of the building is very unassuming, so coming up the stairs, you don’t really know what to expect,” Currey said. Bowman said family.

Buying a condo can be an excellent way to invest in real estate without bearing some of the major responsibilities of homeownership. However, it’s important to be aware of the difference between buying a condo and buying a house. Here are a few things every condo buyer needs to know: Read the paperwork