Buying a home

Condo, Co-op, or House?

Curb appeal

Before you start shopping around for your dream home, weigh out the pros and cons of the three types of home ownership. Here is a quick breakdown on maintenance, property taxes, buying, and selling for condos, co-ops, and homes.

Condo

What It Is: You own an individual apartment.
Maintenance: Stuff like hallway cleaning and landscaping is taken care of, but you have to pay a monthly fee.
Property Taxes: Paid individually.
Buying and Selling: Board approval is almost never required.

Co-op

What It Is: You own shares in a corporation, not your individual apartment.
Maintenance: Same as a condo, but fees are typically higher.
Property Taxes: Part of your monthly maintenance fee — that’s why these fees are generally higher than a condo’s.
Buying and Selling: Every buyer must be approved by the co-op board.

Single Family Home

What It Is: You own a home and the land it’s on.
Maintenance: It all falls on you — either do it yourself or hire someone.
Property Taxes: Paid individually.
Buying and Selling: You’re free to sell to anyone you want.

When you’re ready to buy a home, please consider giving me a call. I’d love the opportunity to earn your business. Phone/Text: 703-963-0142; Email: robyn@robynporter.com.

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