What Does It Mean To Own A Condo?

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.