[Estimated read time: 5 minutes]
When buying a Louisville condo for the first time you will find that there is a slight difference between buying a single-family home and buying a condominium.
First. What is Condominium?
A condo is an individual unit that is inside a larger building, similar to an apartment building. An HOA governs and maintains the common areas that are funded by a monthly maintenance fee that is gathered from the residence living within the association.
Steps to Buying Your First Condo
Let's take a quick look at what to expect during the process of buying a condominium, downtown loft or a townhome. Keep in mind that every transaction is different and can present different obstacles along the…