Page 10 - The ultimate homebuyers guide - preview
P. 10
The Latest Home Buying Guide
Attached Homes
Duplex Triplex
Fourplex/quadruplex Apartment building
st
1 three photos & cover, used with permission from www.houseplans.pro
Advantages Disadvantages
Ability to earn income to offset mort-
gage payments Shared yard space (depends)
Smaller yard space
Close neighbors for emergency
Less landscaping Pest infestation from neighbors
Some major repairs done by HOA At the mercy of neighbor’s activities
Easier mortgage qualification Less privacy
Access to community amenities Neighbor disturbance
Less storage
Source of retirement income
May not be able to make additions
Tax benefits from expense right-offs
A Condominium is a term used to describe the type of ownership
relating to a property, and not the structure or design. Condomin-
iums can be a single building or a set of buildings with each unit
having separate owners. The most distinctive feature of a condo-
minium is that the owner only owns the inside of their unit, and
shares the ownership of everything outside with others.
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