Condos Open Doors for First Time HomeownersBy Karen Lawson
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You're ready to buy your first home, but current real estate prices make you wonder if you'll ever be a homeowner. Homeownership may seem elusive in many areas, but condominiums are typically offered at more moderate prices, which can make it easier to qualify for a home loan.
Homeowners Association (HOA) Contributes to Community AmbienceCondominiums are communities of attached single family residences typically governed by a homeowners association (HOA). HOAs collect a monthly fee from each residential unit for maintenance of common areas. Your HOA dues may cover services and amenities including:
About the Author
Karen Lawson is a freelance writer with more than fifteen years of experience in mortgage banking. She holds an MA degree in English from the University of Nevada, Reno.
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