Are you planning to buy a condo? Here’s what you need to know.

I’ve recently been working with a few clients who want to purchase condos and then rent them out as a part of their real estate investment. It’s a great way to generate wealth but condos are not exactly like houses. If you want to pursue this route, there are a few key differences between the two you’ll need to know.

 

 

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:34 — Condos are governed by more rules

0:49 — Many condo associations have rental restrictions

1:35 — Renting out your condo can drive down your property’s sales price

1:50 — The condo association typically takes care of the maintenance of the condo building

2:31 — There is typically a monthly condo fee you’ll have to pay

2:56 — What you own when you buy a condo

3:42 — Learn the scope of your ownership and responsibilities

3:57 — A Wisconsin law when buying a condo

5:52 — Wrapping up

If you need more details about this topic or have any real estate concerns, don’t hesitate to call or email me. I’ll be happy to help!

Posted by Shawn Kriewaldt on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.