Dear Karen,
I’m thinking about buying a condo, but I’m worried about assessments. Is a condo riskier than a house?
Sometimes. With a house, you are responsible for your own repairs. With a condo, you also depend on the financial health of the condo association. A poorly maintained building can result in large special…
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I found an apartment that says it’s a co-op. What’s the difference between a condo and a co-op?
With a condo, you own your individual unit. With a co-op, you usually own shares in the corporation that owns the building, and those shares give you the right to live in your apartment.…
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