What else should I know about buying a condo
Buying a condo is different from purchasing a single-family home, and it's important to understand the unique considerations involved. Here’s a comprehensive list of what you should know before buying a condo:
1. Understand What You're Buying
Ownership: With a condo, you own the interior of your unit, but share ownership of common areas (lobby, pool, gym, etc.) with other residents.
HOA (Homeowners Association): This governing body manages shared areas and enforces rules.
2. Evaluate the HOA
Fees: Ask for the current monthly fees and whether they’re likely to increase.
What’s Included: See…
The skinny
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