what do i need to know before buying a condo

7 Things You Must Know Before Buying a Condo – cbc.ca – Find out what’s happening in the area around the condo you’re interested in buying. If your city is surging with development, you need to know whether new buildings will block your view.

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Buying a condo? What you need to know about insurance. – Your mortgage company will probably require you to buy condo insurance. But how do you know how much insurance you need? Typically, condominium associations own and insure the outside structure of a condominium building, including the grounds and other features, such as a pool or tennis court.

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5 Things to Know Before Buying a Home in Florida | Tips for. – 5 Things to Know Before Buying a Home in Florida Different states have different laws and common practices when it comes to buying a home. Here are 5 important things to know if you’re thinking of buying a home in Florida.

An Introduction to Buying a Condominium – Investopedia – If you’re considering buying a condo, read on to learn a little more about this type of property and what ownership entails.. Before buying your condo, you should request and read the.

equity line of credit loans Home Equity Line Of Credit (HELOC) Vs. Home Equity Loan – home equity loans come with fixed rates while HELOCs are traditionally adjustable-rate loans. However, in recent years, banks have The borrower accesses the line of credit using specially issued checks or a card that looks like a credit card. Lenders often require you to take an initial.

9 Things to Know About Homeowners Associations – Buying a condominium, townhouse, or single-family home within “a planned development” pretty much spares you much of the responsibility for the upkeep of your home and its surroundings. It.

5 Things for Condo Buyers to Learn Before Buying a Property – The association’s master policy. Before you can insure your unit and belongings with a condo policy (known as an HO6), you need to know what the association’s master policy for the building provides. The bylaws will tell you and your insurance agent whether it covers everything (an "all-in" policy) or everything except the interior of your unit.

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What to Know About Buying a Condo – SmartAsset.com – What to Know About Buying a Condo. In addition to a condo’s rules, you should also be aware of the condo association’s budget. That way you can know what kind of money you’ll need to contribute, as well as where the money is going. It helps to look at the budget to make sure that they’re putting enough money towards thing like building repairs.

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