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Tag: Property law

Condo Owner Rights

Condominium OwnersWhen it comes to owning a condo, it’s actually quite different than owning a single family home.  When it comes time to consider where you want to live; a condo or a single family home, it’s a good idea to consider these factors:  Resale Value, Privacy, Space, Cost, Amenities, Maintenance and more.  Essentially when you own a condo the “ownership” is just on the insides of the house.  Everything outside is usually a shared aspect i.e.; if you have a yard, it’s usually a shared yard.  If you are lucky enough, the housing association or builders may have separated the yards with a fence, but the condos are still going to be pretty close together.  While owning a condo does have its benefits, it also as per usual, has its drawbacks as well.  If you are trying to figure out if you want to buy a single home or a condo, here are a few things you might need to be aware of in each instance.