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If you are buying (or already own) a condominium unit, you probably know that. the portions also serving other units might be considered common elements.
Financially we’d be perfectly fine buying and permanently living in a beach front condo and renting out our town house. However, after looking at all of the pros and cons of actually living in a beach front condo it just wasn’t worth it to us. There are definitely some awesome pros of living in.
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.
This is something home buyers, particularly first-time ones, must consider when condo shopping. but you will still need to buy personal condo insurance to cover your belongings and to provide.
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Make sure you get a copy of the condo association’s insurance policy. Find out exactly what is covered, including the cost to bring the building up to code (if it’s an older building). Also make sure the estimates to rebuild are accurate, and not minimized or outdated. If the policy is confusing,
Buying a condo can be a great option, whether you’re just starting a family or escaping empty nest syndrome. However, condo living isn’t for everyone. There are some important questions to ask before you buy a condo and just as many downsides as there are benefits. Let’s look at the pros and cons of condo life.
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Are you looking at buying a condo as an investment? If so, how do you know if a condo is a good investment? There are several calculations you can go through, and questions to address, to determine the answer.
Buying a condominium property is different than buying a single-family home. Make sure and ask these seven questions if you're considering.
If you are considering purchasing an investment property, be certain that the condo association will allow you to rent out the condo unit on a short-term or long-term basis, before you buy.
Buying a condo allows you to wade into homeownership without plunging into the responsibilities of a single-family home. Before you buy a condo, ask the right questions to avoid making a mistake.