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Condo vs. Apartment Living: 8 Key Differences

Raleigh Realty

Might have homeowner’s association (HOA) fees. An apartment is a unit in a building that’s rented out by its owner, called a landlord. Pros: Landlord pays for repairs and upgrades. Once you pay off your mortgage, a condo owner only needs to worry about paying utilities and possible HOA fees. What Is an Apartment?

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. Your neighborhood may require homeowner's association (HOA) fees, too. Due diligence stretches from the time you sign a contract to closing. You'll need to do some renovations. You might see your rent prices go up each year.