Tag: Condo

Posted on 07/19/2020
What is Common-Interest Housing?
Image by Free-Photos from Pixabay Common-interest housing includes individually owned spaces and common areas shared by all owners. The common areas can include clubhouses, landscaping, parking lots or pools. Multistory buildings share lobbies, stairwells, and elevators. Any community that shares property including single-family free-standing homes in developments, falls into the common-interest category. The two most familiar types of...
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Posted on 09/22/2019
Condo, Apartment, Co-Op, Flat, or Townhome?
Called “common-interest housing” condos, co-ops, flats, townhomes, and apartments have different meanings to different buyers and even have different colloquial meanings than the official real estate industry meanings. Below you'll find a breakdown of the differences between these housing types along with the advantages and disadvantages of each. What is “Common Interest Housing”? Before going too deep, it...
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