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| Topic | Would you want to own an apartment |
| Shattered 03/29/23 8:19:02 AM #4: | guffguy89 posted... that is called a condo. Not all condos are apartments though. The house I gave to my ex wife in the divorce was classed as a condo despite the fact that it was actually a 3 story 3/3 townhouse. I didn't mind owning a condo and when I bought my house I looked at other condos and apartments too. I've also done the same when thinking about selling and moving. It's just the huge HOA / condo association fees that suck. I've seen ones in Orlando at least where the HOA/Condo fees are $800-1000 per month on top of the mortgage. Most are in the $400-650 range though. And that's a mixed bag, really depends what they cover. Some of them are worth it for the level of home protection coverage, services and additional benefits they provide. Whilst I've seen others that are like $600+ and provide nothing close to that worth a month. The HOA/condo fees on my last condo were ~$300 a month at the time my divorce (I suspect they are $400+ now) but covered all external issues that required fixing (including the roof) and pipes. So it was definitely worth it since A. Hurricanes and B. This was under a heavily forested area so tree shit causing issues was common ... Copied to Clipboard! |
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