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Posts tagged "Condominiums & Cooperatives"

Thinking of buying a condo? Find out these things first

Condos have a lot of appeal to various kinds of people. For renters, condos can bring the perks of ownership without some of the hassles. For homeowners, a condo can feel like a step down without taking a step backward, especially when it comes time to downsize.

New laws that impact New York City condos and co-ops

Effective this year, there are some new laws that can impact residents of New York City condominiums and co-ops as well as the boards and corporations responsible for these residences. Let's look at two that are aimed at the health and safety of the people who live there.

What's exactly is cooperative housing?

These days, everyone is looking for ways to make life more affordable. Finding ways to reduce your housing costs is one way to do that -- so that has some people looking harder into cooperative housing as an alternative to owning a home, renting an apartment or buying a condo.

Understanding different condominiums and if they're right for you

A condominium is a property that is divided up into individual units. These units are then sold, not rented, to others. With condo properties, people who buy often have shared interests in community areas. These areas are known as common property and might include hallways, grassy areas or other parts of the property outside their homes.

The differences between co-ops and condominiums matter

While you may think that a co-op and condominium are the same, the reality is that these are two very different kinds of real estate. Condominiums are real estate you can own, whereas a co-op grants you only a share of a building.

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