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8 Things You Need to Know Before Buying a Condominium

Debt.com Logo By Deb Hipp of Debt.com | Slide 2 of 9: Unlike a homeowner in a residential neighborhood, you can’t get off with an occasional nod to your neighbors as you mind your own business.  When you buy a condo, you become part of the condo community, sharing ownership – and financial responsibility for your condo building – with your neighbors. Unlike when you own a house, you won’t be the only deciding on renovations, updates and repairs to your condo and condo community. Find out: 5 Tips to Increase Your Home's Value

You will be part of a community

Unlike a homeowner in a residential neighborhood, you can’t get off with an occasional nod to your neighbors as you mind your own business. 

When you buy a condo, you become part of the condo community, sharing ownership – and financial responsibility for your condo building – with your neighbors. Unlike when you own a house, you won’t be the only deciding on renovations, updates and repairs to your condo and condo community.

Find out: 5 Tips to Increase Your Home's Value

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