There is a lot of paperwork to sit and read over when buying a condo. A LOT. It is usually required that an Executive Summary be provided to summarize the declarations, rules, and bylaws of an Association. It helps as a 'Cliff Notes' version of representations about the Association. In...
Possible Perceived Challenges
Buying in to the condo lifestyle may have trade-offs that only you can decide if best – Price. Depending on where you live, the purchase price of condos might exceed that of a freehold property that you find suitable. Moving to a condo doesn’t necessarily mean downsizing to a cheaper home...
What Is – What’s Not
– You’re likely responsible for everything within your walls...check with your insurance agent who will check with the holder of the master policy. Unlike renting, you can paint the walls and make renovations — but you’re likely also responsible for repairs inside your unit, replacing appliances and insuring your unit...
