Five things you should know about office condos

Five things you should know about office condos

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Office condominiums work much like their private housing counterparts. Instead of renting a suite of offices, some companies purchase an individual unit in a complex. The common areas are co-owned by all of the tenants and a board usually oversees landscaping and other maintenance issues. Office condos are often created as part of a mixed-use renovation in downtown areas of medium to smaller.

Here we reveal the six most important things buyers should do to accurately. buying in a condo or HOA community, you absolutely need to look beyond just the four walls of the home.. Make sure the study has been updated within the last three to five years, and.. Search Other Local Office Locations.

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This guide should help you avoid some of those pitfalls and will give you direction on the next step to take when considering buying your own commercial building or office condo. Do You Really Want to Buy a Commercial Property? To many, the prospect of buying a building seems like the best way to cover the occupancy needs of their business.

If you have never bought a condominium, you may be surprised at all of the different issues to consider. Buying a condo is not the same as buying a house. Not only could you have adjoining walls.

Buying a condo allows you to wade into homeownership without plunging into the responsibilities of a single-family home. Before you buy a condo, ask the right questions to avoid making a mistake.

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