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Ask The Broker – What Does It Mean To Own A Condo

April 14th, 2022

What Does It Mean To Own A Condo?

Lakeside Units - Aerial Exterior view with Lake Whiteface in background

Owning a condo means that you own everything within those four walls. Buying a condo is full ownership compared to a timeshare or fractional where you are a partial owner. Generally owning a condo comes with an HOA so you will have to plan for the additional cost. The HOA normally covers ground maintenance and general building maintenance. Some HOA’s may also include golf, tennis courts & beach access on lakes.

Ask A Broker - Margie Information