Mastering Condo Purchases: The Ultimate Buyer's Guide | TheAdvisors 

Dive into our comprehensive guide on 'How to Buy a Condo,' offering expert insights on condo terminologies, single units vs. condo complexes, budgeting, and more. Whether you're a first-time buyer or looking to expand your real estate portfolio, our step-by-step guide simplifies the condo-buying journey. Explore key considerations, pitfalls to avoid, and tips to ensure a smooth transaction.

Navigating the world of real estate, particularly when hunting for the perfect condo, can often feel like stepping into a new universe filled with unfamiliar terms and phrases. This glossary is designed to break down some of the most common (and confusing) condo jargon, so you can shop with confidence and clarity.

Basic Condo Terminologies

1. Condominium: At its core, a condominium, or 'condo', refers to a type of real estate ownership where you own a specific unit within a larger building or complex, along with shared ownership of common areas.

2. Common Areas or Amenities: These are spaces within a condo complex that all residents can use. This can include hallways, lobbies, pools, gyms, gardens and more.

3. Homeowners Association (HOA):…

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