Resources for Responsible Home Ownership - Own Responsibly, Save Shamelessly!
Whether you are a first-time home buyer or considering downsizing from your long-time home, purchasing a condominium or townhome may be in the cards for you. A condominium development consists of a residential property with multiple units in which individual units are owned by separate owners, and ownership of common areas is shared by owners [...]
If you are considering buying a unit in a condominium complex or townhouse community, you are buying much more than a home. These types of properties typically include shared ownership (with owners of other units) of the common spaces including the grounds, walkways, storage spaces, parking structures, entrances or lobbies, hallways, elevators, stairs or more. [...]
Condominiums and townhomes are types of residential properties where ownership involves not only a particular housing unit, but also shared ownership of common areas. These communities and residential developments are governed by homeowner associations, which are official legal entities created to maintain the common areas shared by condominium unit owners. With the exception of the [...]
A condominium is a residential property with multiple units in which individual units are owned by separate owners, and ownership of common areas is shared by owners of the individual units. For example, in an condo community, each owner would own their own unit while all the owners of the individual condos would own common [...]
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