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8 Things You Need to Know Before Buying a Condominium

Debt.com Logo By Deb Hipp of Debt.com | Slide 1 of 9: Whether you’re thinking about buying a condominium to downsize due to the COVID-19 pandemic, looking for a retirement condo or just prefer a property without the lawn care and maintenance associated with a house, buying a condo could be an affordable option. In many ways, however, buying a condo isn’t like buying a house, and if you don’t perform your due diligence, you can make some costly mistakes. While a condominium purchase also typically requires obtaining a mortgage loan, making sure there are no liens on the property and obtaining insurance, you’ll need to also check into some condo-specific factors that could cost you money – and emotional sanity – once you move in. Click or swipe for 8 things you need to know before you close on the condo of your dreams. Click here to sign up for our free financial education email course.

8 Things You Need to Know Before Buying a Condominium

Whether you’re thinking about buying a condominium to downsize due to the COVID-19 pandemic, looking for a retirement condo or just prefer a property without the lawn care and maintenance associated with a house, buying a condo could be an affordable option.

In many ways, however, buying a condo isn’t like buying a house, and if you don’t perform your due diligence, you can make some costly mistakes.

While a condominium purchase also typically requires obtaining a mortgage loan, making sure there are no liens on the property and obtaining insurance, you’ll need to also check into some condo-specific factors that could cost you money – and emotional sanity – once you move in.

Click or swipe for 8 things you need to know before you close on the condo of your dreams.

Click here to sign up for our free financial education email course.

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