#condo-ownership

#condo-ownership

The main difference is thata Boston condo is a type of ownership where you own the interior of your unit and a share of the common areas, while a townhouse is a type of building that you can own as a fee simple property or as a. Townhouses are multi-level homes that share walls but have their own entry, while condos are typically in multi-unit buildings with a shared entrance.

Becoming a first-time homeowner brings excitement, but it's crucial to plan financially, especially for condo or townhouse owners, as they have additional monetary responsibilities compared to traditional homeowners. From unexpected repairs to monthly costs, understanding the financial implications of owning a condominium is essential. Condo ownership entails more than just the purchase price; additional costs like home insurance, property taxes, and HOA fees need to be factored into your monthly budget.