cj
Full time employment: Posting here.
- Joined
- Jun 21, 2005
- Messages
- 517
Can I start up another 55+ housing question? There is a place not far from us (it's a Del Webb place) that has single-family homes, but they are still classified as condos. Basically you own the 4 walls and the footprint of the home, but not the yard - that's all common area. The HOA fee (around $200) covers the usual amenities (pool, clubhouse, fitness center) and also covers homeowners' insurance. You just need to buy a renters-type policy for the contents.
I know this probably isn't much different from having a condo that is an apartment, but it still feels weird that you don't own your back yard, even though the lots are small.
What are the implications of having a place like this classified as a condo? What should we look out for if we ever decided to move to a place like this? (besides the obvious: read the HOA documents).
Thanks for any input!
CJ
I know this probably isn't much different from having a condo that is an apartment, but it still feels weird that you don't own your back yard, even though the lots are small.
What are the implications of having a place like this classified as a condo? What should we look out for if we ever decided to move to a place like this? (besides the obvious: read the HOA documents).
Thanks for any input!
CJ