Buying a property, whether a home, business site, or rental facility, requires making a huge commitment. You wouldn’t marry someone you barely knew or had only glanced at a picture of, so do not make the same mistake when buying a condominium. Before buying a condo, there are a few tips you should consider and some factors you may want to take under advisement. 1. Location and Amenities Condos and townhouses are generally located in cities and other urban areas, within walking distance to plenty of shops, restaurants, and other attractions. If you are on the fence about buying a…
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Condos are a perfect solution for many people who want to build equity without taking on all the burdens that come with owning a single-family home. All told, you’ll be able to enjoy greater amenities with fewer responsibilities (and probably for less money). But there are a few downsides to keep in mind before buying a condo. These facts should be considered Buying a Condo 101, so make sure you think about them carefully and really understand the situation: You Won’t Be Able to Expand Easily Many real estate first-timers look at buying condos because of their affordable price points.…