I am getting back into looking for a place to live and I am learning a lot about Condos. It seems that a Condo is basically like an apartment that you own. There are condo fees that you pay that may cover some maintenance. Another interesting thing about condos is that, they don’t necessarily need homeowner’s insurance. Obviously, the most important thing is to make sure what the condominium is covering, but I’m 100% sure that they don’t cover your belongings. I will be navigating my way to hopefully, purchasing a condo in Maryland and I will document everything that I do. In these preliminary posts, I will be posting about the research I am doing and what is involved in buying a house/condo from a private seller. First things first, I am going to take a look at the property this weekend and will post pictures once I get back. Wish me luck.
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jim Says:
January 4th, 2007 at 11:21 amVisit jim
That’s how my blog got started… tracking my homebuying process.
Cliff Branch Says:
January 5th, 2007 at 5:07 pmVisit Cliff Branch
See if you can find out how much the fees have increased over the years. My mom bought a condo in a new building and couldn’t get a history like this. Her assoc. fees crank up more and more every year and there’s nothing she can do about it.