Future Boston Condo Buyers
A recent survey by Better Homes and Gardens revealed that Generation Z (teens ages 13-17) are very traditional in their views toward homeownership and are willing to sacrifice to attain the American Dream.
The findings from the survey of Generation Z show:
•82% indicate that homeownership is the most important factor in achieving the American dream.
•89% said owning a home is part of their interpretation of the American Dream.
•97% believe they will own a home.
•77% percent chose owning a home over owning a business.
Condominiums are much different than single family properties. It is useful for buyers to understand those differences before purchasing a condo unit. This blog provides MA condo definition for buyers.
Condominium is a type of land ownership. Condominiums contain 2 or more units, with the interiors belonging to specific owners. Unit owners have joint ownership in shared spaces. Certain areas, such as patios, may be considered common space but granted to a specific owner for exclusive right to use. A master deed details the ownership structure and other relevant information on the entire complex. A unit deed offers information on a specific unit. Buyers should see both before buying a unit.
The style of a property does not identify it as a condominium. Condos come in vary in style. Some are converted multi-family buildings and others are extensive complexes encompassing multiple buildings. The following are a few common condo styles