Name your lifestyle-Condo or Co-op?
By Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net!
(Turn Key Real Estate)
When it comes to affordability, financial profile, and lifestyle, whether an initial purchase or downsizing, everyone has different needs and wants. Some who have the finances will choose a condo or townhome for the luxury, doorman, and amenities, such as a pool, tennis, and security. However, others will choose based on the affordability that a co-op provides. Prices will obviously depend on the building and its infrastructure, financial strength, and whether one, two, or three-plus bedrooms and accompanying bathrooms suit the buyer.Co-ops can be upwards of $100,000 less, minus most of the amenities provided by a condo or townhome. Sales applications and board approval are mandatory. Whether it is a doorman or gated community for security, pool, tennis, golf, or gym, the level of extra...
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