what do you own when you buy a condo

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A less technical way to think of a condo is as an apartment that you own. In practice, condos often take the form of an apartment or a similar shared complex, such as row townhouses, but.

Pros & Cons of Buying a Condo – Is It Worth It? – If you’re thinking of buying a condo, there are lots of reasons why it might be a smart move right now. Condos have never been more popular, particularly with the aging baby boomer population, which is starting to downsize and move into homes that are easier to care for. As a result, condos are in high demand and appreciating faster than single-family homes.

If you Can Afford To Rent-You Can Afford To Buy. – Fire Your Landlord! Every month when that rent is paid, you get no return on that money. It’s simply gone. Yes, you have a place to stay, but renting doesn’t allow people to alter the property to fit their own needs or even make updates to improve the property’s function.

When you purchase a condo/apartment in a building. – Quora – You own that room. Or that floor if it’s an entire floor. The crazy thing about property is that you can do whatever you want with it in a contract. So, people who actually own the property will sell away pieces of it. You don’t technically ow.

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3 Reasons to Buy a Condo – and 3 Reasons to Beware | Personal. – 3 Reasons to Buy a Condo – and 3 Reasons to Beware. is property that you can purchase and own outright. A condo offers some similar aspects of apartment living. For instance, many condos are.

Is a Condo a Good Investment? | Are Condos Smart Investments? – When you buy a house, you typically own everything including the land. your home, but it's not in the same way as a condo owner would.

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4 Things You Must Know Before Buying A Condo On Maui – Four Things You MUST Know Before Buying A Condo In Maui . If your realtor hasn’t mentioned these important issues, you need to dig a little deeper on your own.

What Is a Condo? No, It's Not Just a Fancy Apartment | realtor.com – You can see why condos would be ideal for people who want to own a piece. young adults without kids, or anyone who would like to own property in more. And the advantage of buying a condo over renting an apartment?