Condos are quickly rising as a top housing choice for first-time buyers. With affordability being top of mind, this less expensive housing option is an ideal entry point into the real estate market. Their smaller size also comes with less maintenance – potentially a great set-up for homebuyers who are leaving their parents’ home for the first time.
One thing many first-time homebuyers forget to consider are condo fees. What exactly are condo fees, how are they calculated and what exactly do they cover? Here’s what you need to know.
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