What are the potential drawbacks of buying a new construction condominium? What is a condo conversion?

Dec 20, 2024 ... From luxury residences with wellness features to new ownership models designed for flexibility, the condo market is moving quickly to meet the expectations of ... Feb 2, 2023 ... Both condos and apartments offer great peace of mind, make for effortless living, and are excellent options for working professionals, retirees, or single ... Nov 28, 2017 ... A condo is simply a more specific form of an apartment. That means a condo will always be an apartment, but an apartment doesn't necessarily always have to be ... A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each ... A condo association is responsible for maintaining the common areas and elements of a condo development. That includes managing the association's finances and ... (2) "Conversion condominium" means a condominium project containing condominium units some or all ... (c) A general statement describing what types of condominium ... Condo and townhouse insurance will differ according to the specific terms of your insurance plan. However, this chart gives you a general idea of what each ... Yes. This occurs when the home is a “planned community”, which means that it maintains certain common elements, such as parks or recreational areas. See, ORS ... Mar 4, 2025 ... Pros · Affordability: For first-time homebuyers, condos can make ideal starter homes — they don't have the elevated price of a detached home, ... Sep 27, 2022 ... A condominium (or condo) is a privately owned individual residential unit situated within a community of other housing units—like a high-rise ...