Buying a condominium can be a smart start to being a homebuyer, without many of the maintenance hassles of owning a detached home. Insurance through the homeowner association, or HOA, covers some areas of the complex, though each homeowner must have their own insurance to cover certain parts of their property and their belongings. Here’s …
They are an appealing way to enter the housing market if the cost of a single-family home is out of your reach. Condos are especially popular among single home buyers, empty nesters, and first-time buyers in high-priced housing markets. Unlike a house, condos offer a lifestyle that is free of yard work and exterior maintenance …
Unlike a second home, where a homeowner lives for a portion of the year, an investment property is property that the homeowner uses to generate income, and in most cases, is not occupied by the homeowner at any time. Trying to figure out if your next home falls under second home or investment home status? Ask yourself: …
Understanding Investment Properties: What You Should Know Read More »
