Home Improvement and Interior Design Discussion Blog

Another type of condo ownership, a timeshare is primarily associated with resort or vacation properties rather than home ownership. Instead of purchasing a home to live in full time, essentially you are buying a fraction of a condo, and that fractional...

One caveat is that, in some areas, the seller of a co-op doesn’t have to provide a disclosure form detailing the condition of the unit. That’s because the seller is selling stock, not real estate, so disclosure rules don’t apply. This presents a...

Because co-ops are corporations, a co-op board, or board of directors, runs the show. It sets the rules and can determine who is allowed to buy shares and what improvements can be made to the units. For some people, that’s an attractive feature; they...

5. In order to avoid a financial sinkhole, get a copy of the current HOA’s financial statement. Note whether there’s a fund set aside for repairs and replacements. Also, walk through the development and note the overall condition as well as what needs...

Owing to the HOA and common ownership of the buildings and grounds, buying a condo or townhouse requires a few additional steps beyond those usually needed for a single-family home. The following ten tips and traps will help you to make sure you cover all...