|When you buy a condo, you own it just as you would a single-family detached house. But living in a condo differs from living in a house in several ways. Here are a few distinctions to consider.
In addition to your monthly dues, condo associations may also impose special assessments to pay for unexpected repairs and maintenance. It’s important to buy into a well-run, well-funded association. Poor management may lead to poor upkeep, which could result in excessive fees.
Which would suit you better — a condo or a house? There are certainly pros and cons to each, but giving some thought to your lifestyle and personal preferences can help you decide.
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