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Condo vs. Apartment Living: 8 Key Differences

Raleigh Realty

Generally, condos are in a designated condo community where many (or most) of the units are owned by their inhabitants. 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.

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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. The National Housing Act will make the designations for these areas. You'll need to do some renovations. You might see your rent prices go up each year.