So, if you’re just starting out thinking about buying your first home – your first condo, I mean – here’s everything you need to know.
A unique set of considerations come into play when you buy a condo or loft. With a single-family residence, you are the sole property owner. As a condo owner, you are the sole owner of the interior of your dwelling unit, but ownership is shared for the common area: the grounds, walkways, hallways, staircases, elevators, recreation room, pool, etc.
Bottom line: do your research. You are buying an investment, not just a home. And, by buying a condo instead of a single-family home, you’re entering into a new relationship with other people – strangers – who are going to suddenly be very important to your peace of mind. Neighbors who see and hear everything you do, and who can make your urban life a joy … or a nightmare.
Read on: What should I consider when buying a condo or loft – By Dyan Hymer, Inman News, by way of The Boston Globe
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