Guide To Buying A Condo
The condominium market has been rising steadily for the past few years, with the condo market regaining the momentum and importance it had in the initial condo boom of the 1980s. Condo buyers generally fall into three groups: first-time buyers making the jump from renting; people looking to buy a second home that they will use part-time; and retirees who are trading in high-end homes for the low-maintenance lifestyle a condo provides.
What exactly is a condominium?
A condo development can take the form of apartment-style complexes, townhouses or converted multi-family dwellings. What distinguishes it from other multi-tenant buildings is that the developer has legally declared it a condominium, and individuals can purchase units in the b...
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