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Own-your-owns or OYOs, may be fairly common in some areas. An Own-Your-Own is similar to condominium ownership, as both come with individual deeds and property tax bills. An OYO is different in that it is a pre-condominium type of ownership. Most Own-Your-Owns were constructed during the 1950s.
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A condo is like an apartment that you own, right? Sort of. But there are some big differences between an apartment and a condo. A condo, which is short for "condominium," is a private residence within a larger building or community, while an apartment is a leased residence within a larger building or community.
My parents spent part of their retirement living on the south shore of Lake Nipissing and we had our own fishing boats,
That said, the right investment could generate an enormous return in Music City: Chris and Tori Gerbig’s condo in Nashville booked $58,672 in the first six weeks. With such a strong and immediate demand, it’s worth looking at Nashville to find a rental property in one of the city’s popular neighborhoods.
Total cost of being a jerk $7,500 – $19,000+ 2) Condo disputes can get costly quickly condo disputes get costly because. If you continue to make noise and it goes to mediation, you’ll pay your own.
People choose buying condos over single family homes or renting an apartment for several reasons. Whether it’s the convenience of a downtown location near shopping and cultural centers, the joys of home ownership without the headaches of yard work, or the affordability factor condos offer versus traditional homes, the factors are numerous.
Short for condominium, a condo is a single unit within a multiple unit property – think apartments, except that you own it. It can be one of many units in a shared structure like a high-rise.
estimate house payment calculator much like when you purchased your house. Refinancing might be a good idea if it lowers your monthly payment, reduces the loan term or provides a lower interest rate. A mortgage refinance calculator.
Rent to own condominiums or lease to buy is another option you can look into. It is an agreement that allows the renter to purchase a leased property after a certain period of time. Before a contract is signed, details like monthly rental rate, sales price, and purchase date have to be agreed upon.