Thinking about buying a condo? You may not be aware that the rules for condo purchases are different than other types of residences such as single-family homes and townhomes.
If we think about real estate like a dating relationship, condos can be more like an arranged marriage than a love affair. Here’s what you need to know.
Think about buying a condo not like buying an individual asset, but more like buying in to a partnership of a shared asset with many partners. In an arranged marriage, there are a lot of people who have a say in the most intimate details of your daily life… and so it is for a condo purchase.
Like an arranged marriage, there’s more than meets the eye - there are also additional costs not associated with other types of homeownership,…