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What are the advantages of owning a condominium versus a house?
Wiki User
∙ 11y ago
Because the maintenance, preservation and protection of the real estate assets owned in common by every unit owner, owned in common with all other unit owners is the responsibility of the association, you are only responsible for the upkeep of your unit's interior. Your assessments pay for association maintenance, preservation and protection.
This means that you are not individually responsible for the upkeep of amenities that you may enjoy. You can travel for extended periods with assurance that the association is watching over your property's exterior. You can enjoy the benefits of high-density housing, in terms of public police, fire protection, transit, utilities and so forth.
Depending on your life-style, there may be other advantages.
Wiki User
∙ 11y ago
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What are the advantages of owning house?
the advantage is nothing It is a secret
When was Highfield House Condominium created?
Highfield House Condominium was created in 1964.
What are the advantages of owning trailer homes?
There are many different types of advantages in owning a trailer home. The price difference between a trailer home and a house is much cheaper. If you ever want to move, you can bring your home with you.
Legal advantages of owning a house instead of a condominium?
Logically, a 'legal advantage' usually implies that some 'illegal' concern drives the decision about which to buy. There's probably no 'legal' advantage of owning either; but there may be tax advantages. Since you've added 'Forests' as a category to this question, one might assume that you want to harvest trees from property you own. Cutting trees down or growing them is legal anywhere on the property you own upon which your home sits. In a condominium community, you request permission from the board to cut trees down and may be required to request permission to plant them.
What is a condominium-house?
Condominium is a form of real estate ownership; house is a word used to describe a structure.
Does Chris Paul live in a condominium or a house?
he has a condo and a house
What is a condominium housing?
Condominium is a form of real estate ownership; house is a word used to describe a structure.
What are the advantages of owning a central vacuum system versus a regular moveable vacuum?
Central vacuums allow for easier cleaning because it is a system installed in the house and you do not have to take it to every room. It seems this method could also save time and prevent dust from blowing back out of the vacuum like it does with a regular vacuum.
What are some advantages of owning a house?
owing your own house is a dream for everybody. it is very advantageous to have own house. there is no tension of monthly rents. you can do anything you like to decorate your house without restrictions.you can feel like king of that area
How do you use the word condominium in a sentence?
My parents used to live in a condominium but they bought a house two years before I was born.
What are the release dates for House Hunters - 1999 Condominium Search 1-2?
House Hunters - 1999 Condominium Search 1-2 was released on: USA: 7 October 1999
What is the difference between a private house and condominium house?
A private house is owned by an owner who also owns the land. A private house owner is responsible for the maintenance, upkeep and preservation of the private house and property. A condominium house is part of a larger community which is owned by all owners in equitable share, and the house being owned by an owner. A condominium house owner pays assessments to the association that operates the community. The board is responsibility for the maintenance, upkeep and preservation of all real estate assets owned by the community.
