what to know when buying a condo

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t’s important to know that when you purchase a condo, you’ll be sharing the responsibility of upkeep with the homeowners association. Usually, this is what draws people to condos, since important things like repairs and upgrades to your condo’s exterior are taken care of by the association.

buying a house for parents i would like to purchase my parents home. it is valued at $350,000 and are selling the house to my husband and i for $200,000. my fico score is 710 find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

When you’re buying a condo, you’re taking ownership of a unit within a larger building or development. You’re going to own your unit and be responsible for its internal repairs and maintenance.

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Feltis is a local chef and serial restaurateur who is applying his expertise to the design of the many foodie-friendly.

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My wife and I are thinking about buying a condo as an investment property. What do we need to consider? I never know where questions might come from. This one was asked by some hockey parent friends.

If you have never bought a condominium, you may be surprised at all of the different issues to consider. Buying a condo is not the same as buying a house. Not only could you have adjoining walls.

"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 that property," Abrams says. With condo developments, the homeowners association is often responsible for more maintenance, including the overall maintenance of the building.

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.

One of the best tips for buying a condo is understanding the financial strength of the neighborhood! The association is in charge of keeping things together in your community. It needs to make sure buildings are in good repair, that the grounds are maintained, and that members uphold their end of the bargain.