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Condo Help

“My husband and I can’t afford a detached house yet, so we’re going to buy a condo. Is there a difference between a condo and a townhome?”

***ANSWER:
“Condominium” is a form of ownership in which you own an interest in an entire property (the condo complex), with the exclusive right to use the designated “airspace” that the condominium unit occupies.

“Townhouse” is an architectural style with 2 or more levels. Many condos are “townhouse-style”.

There’s also a Planned Unit Development or PUD. In PUDs, you own the structure and the land beneath it (often a small parcel a little bigger than the “footprint” of your home), plus a shared interest in the common area.

Maybe some more information on condos could help, Try this link

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Condo Help

“Do I need insurance on a condo?”

***ANSWER:
Virtually all condos have fire insurance on the structure, but you still need insurance for your possessions and for liability. (Verify with your favorite insurance agent.)

Here’s some more information for you about condos. Affordable Condos Hope this helps you

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