Posted by admin | Posted in vacation rentals | Posted on 01-10-2008
Tags: buying condo in nyc, buying condo vs house, buying condominium, buying condoms, buying condoms awkward, buying condoms for the first time, buying condoms in bulk, buying condoms online, buying condoms under 18, buying condos, finance, home, house, housing, realestate
Difference in between buying a Condo vs a House?
I know on average houses are usually more expensive than condos right?
I’m looking to in the future sometime buy a condo so I Can have my own place. What is the main difference in between buying a condo and a house? Or is there none?
And is it true that condos also appreciate in value? I know houses always go up…Meaning if I buy a condo for say $150-200k, it will guarantee go up in value so I can make some $ when I sell it?
How much of a down payment do you need to have for a $200k condo? Any idea on monthly payments? Or is that all related directly to my credit? Thanks.
There is a HUGE difference between a condo and a home.
Condo’s
1. You must abide by the Rules and Regulations
2. Homeowner’s association dues are used to pay pooled expenses for water, sewer, trash, lights, maintenance, repairs.
3. You own the space inside wall to wall.
4. You share the outisde area as fractional ownership determined by how many units you have.
5. You DO NOT have free reign to do whatever you want to the outside of your condo.
6. You cannot paint your doors, or anything visible to any person outside unless you get permission from the condo board.
House
1. Pay your own water, sewer, trash, maintenance and repairs.
2. No rules and regulations to live by.
3. Can do whatevery you want to the outside of the home. Paint, put up decorative objects, plant whatever plants you want.
P.S. If you want to see what it’s like to live in a nazi concentration camp, go ahead and buy the condo. If you don’t want people telling you how to live your life buy a home.
The Home Show – Buying a Condo
