The Pros and Cons of Owning a Condo


Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on January 19, 2023 02:18 (2M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 181885616 series 1139850
A sorozat szerzője: Dan Rochon, akit a Player FM és a Player FM-közösség fedezett fel. A szerzői jogok tulajdonosa a kiadó, nem a Player FM, és a hangfájlt a kiadó osztja meg közvetlenül a saját szerveréről. A frissítések nyomonkövetéséhez koppints a Feliratkozás gombra, vagy másold be a feed URL-t egy másik podcast-appra.
Owning a condo comes with its fair share of both pros and cons. These are the most notable of the bunch.

Buying a Northern Virginia home? Get a Full Home Search
Selling your Northern Virginia home? Free Home Price Evaluation

Owning a condominium comes with both pros and cons.
First, I wanted to explain that condominium refers to a type of ownership, not a type of building or apartment.
Condo ownership has a concept called "fee simple" that means you own everything within the walls of your condo, but anything outside the walls is owned in partnership with other owners in the building. This is called "tenancy in common." Depending on how the condos are set up, you're in charge of everything outside your home in partnership with the other owners for things like maintenance and repairs.
Condo fees in older buildings can get pretty expensive.
The biggest pro of owning a condo is that the grounds are typically very well-maintained. However, if the building is older and has deferred maintenance, the condominium fees can get expensive.
Before buying a condo, ask your real estate agent which costs you'll be responsible for and whether it's a good deal. There could be a special assessment fee for things like a one-time project of fixing all the building's decks, for example.
If you're interested in buying a condo or any other kind of property, just give me a call or send me an email soon. I'd love to help you!

36 epizódok