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what is a condominium house

The definition of a condo is: hoas (home owner associations) are comprised of condo owners that meet together to discuss the maintenance and rules of the condominium community If you are still unsure what a townhouse or townhome is, or what a condo is, leave a comment below.

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Condominiums, also known as "condos," offer many of the same amenities as home ownership, except that the development is managed by an "association" that acts much like a cooperative’s board of directors (see below).

Condo vs. Co-Op: What’s the Difference? If the responsibilities of being a homeowner have become humdrum, it might be time to make a move. Or maybe you’re looking at buying a house but think the regular maintenance is more than you, or your schedule, can handle.

Several different types of housing exist, including what’s known as the detached condominium. At its most basic, a detached condo is still a single-family home, but it’s legally classified as a.

Some homebuyers might weigh the choice to buy a house vs. condo depending on their budget and needs. While both options allow you to become a homeowner and build equity, their similarities stop there.

Before you commit to owning a home, consider factors like maintenance fees and proximity to neighbors.

A condominium, or condo, is a type of housing wherein a very specific part of a larger property – almost always an apartment within a complex – is privately owned by the homeowner, while all other connecting areas of the complex are communally owned by all condo residents.

Difference between a house and a condo Categorized under Words | Difference between a house and a condo When discussing real estate, there are several types of properties that one may consider when purchasing a home; two common terms used are a house and a condominium, or condo.

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A condominium, or condo, is a type of housing wherein a very specific part of a larger property – almost always an apartment within a complex – is privately owned by the homeowner, while all other connecting areas of the complex are communally owned by all condo residents.Townhouses, or townhomes, are individual houses that are placed side-by-side, where one or two walls of each house are.

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