In today's blog (Part 4), we'll take a look at Condominium Ownership. In case you missed Part 1 through 3 of this 4-part series you can find them here:
Moving on to condominiums! A condominium is one of a group of housing units where the homeowners own their individual unit space, and all the dwellings share ownership of common use area (hallways, parking lots, roads, etc). The main difference between condos and regular single homes is that there is no individual ownership of a plot of land. All the land in the condominium project is owned in common by all the homeowners. Condominiums frequently levy monthly “common charges” to each owner to help pay for the maintenance of the commonly owned areas.
Condominiums manage their properties through boards and/or associations with members being elected from all owners, and can also be assisted by a management company. Rules and regulations governing the condominiums are established by the rules of the development’s incorporation and may be modified by these boards.
In today's blog (Part 3), we'll take a look at Housing Cooperative (Co-op) Ownership. You'll learn how a Co-op works, what types of co-ops exist, and more! In case you missed Part 1 and Part 2 of this 4-part series you can find them here:
It would be amazing if all you needed to prep your home for fall was hang a wreath and light a bunch of pumpkin spice candles. While yes, those are a part of getting ready for the change of seasons, there are more important preparations that come with being a homeowner.
With that said, fall is the perfect season to tackle general home maintenance projects because the weather is generally dry and temperatures are moderate. Before you start your seasonal home maintenance checklist, examine both the interior and exterior of your home.
Most of these home maintenance items can be accomplished without the help of a professional, but it's always better to be safe and call for assistance if a home improvement project is beyond your abilities.
Tick these items off your list this season, and you can rest easy knowing that your home and yard are buttoned up and ready for winter. Happy Fall from your friends at Greenway Mortgage!