[Estimated read time: 5 minutes]
What is Condominium?
A condominium is an individual unit that is within a larger building, similar to an apartment style building. As a condo owner, you are investing in a shared interest in a community with a group of other owners. An HOA governs and maintains the community and the common areas. Funded by a monthly maintenance fee that is collected from the residents living within the association.
Steps to Buying a Condo
Let's take a quick look at what to expect during the process of buying a condominium, a patio home, or even a townhome. These are all similar styles of properties and are usually categorized the same and present the same approach when analyzing a property.
1. Find an Agent (and Loan…
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