Should You Rent Out Your Condo Instead of Selling?
You’ve decided to move. Should you rent out your condo? Being a part-time landlord has its appeal, but is it right for you?
Posts Tagged: budgeting for a condo
Is It Time to Get a Bigger Place?
When you buy a condo, you seldom expect to stay forever. When should you upgrade? It depends. Getting a bigger place could be a great idea, or it could take more time and money than you’d bargained for. Your Situation Your Place Was Always Too Small You thought your first condo was a little tight,…
7 Things You Need To Know About Rent-To-Own Condos
Home sales are still below the peak reached before the housing bubble burst in 2008, due to rising housing prices and interest rates and unstable economies that have left many potential homeowners saddled with external debt and unable to qualify for a mortgage. This trend is likely to continue, as many Millennials are still reluctant…
What’s Fair for Your HOA Dues?
By Ali Donoghue What do Homeowners Association (HOA) dues, insurance premiums and car payments have in common? No one particularly likes them, but everyone recognizes their necessity. And everyone wants to pay less. But, before you howl that your HOA dues are too high, you need to understand what causes dues to be higher and…
How Much Should You Budget for Condo Closing Costs?
Congratulations! You’ve saved diligently and your dream condo down payment is within sight. You are all set to start looking for a place when you visit your friendly neighborhood mortgage loan officer and find out that you need to save a little bit longer, to cover your condo’s closing costs. There costs vary by location,…
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