This is the second article in a blog series on how to buy a condominium in Northern Virginia. So far, we’ve covered Part 1.
How to Buy a Condominium – What are Common Areas?
In the last article in this series, we discussed how condo ownership differs from home ownership. As a condo owner, you own everything “walls-in” that you see inside your unit.
Search All Arlington VA Condos for Sale Under $300,000
The reason why condo owners are not responsible for maintenance outside their units is because hallways, building exteriors, outdoor walkways and gardens, parking lots, etc. all fall under the category of common areas. A condo’s common area is maintained by the condo association. The condo association manages a budget for keeping up the condo building, and the budget is funded by condo fees that condo owners pay every month.
Read Part 2 in my blog series on how to buy a condominium in Northern Virginia. We’ll discuss the other things that condo fees go toward paying.
Email me at DarrenRobertsonHomes@gmail.com for a list of the top 5 condos for first time condo buyers in the Northern Virginia area of your choice!
If you’re looking to buy a condominium in this area, it’s important to work with an agent who understands the contractual differences between condo purchases and home purchases. With over 30 sales and over $10 Million in sales volume in the last year alone, I have the experience it takes to help navigate you through your condo sale to a successful closing. Contact me so I can go to work for you!