Eligible borrowers can use their VA loan benefits to purchase a condominium rather than a single-family home. For first time homebuyers, a condo or townhome can have multiple benefits compared to a standalone house. However, to use your VA loan on a condo property, the property must be within a VA-approved development. Here's a guide to the basics...

Photo by Pixabay via Pexels When it comes to home ownership, you have many options beyond buying a single-family home. A condominium and a townhouse are two such options. Before you consider making one of these your permanent home, it's important to understand the differences between them. Condo Ownership When you purchase a condo, you own the entire...

Image by Wayne Feickert from Pixabay Whether you are buying a condo as a starter home, downsizing or if you just don’t like taking care of a yard, a condo might be the perfect situation for you. However, even with the plus of not having to maintain a yard, condos do have other pros and cons. Low Maintenance...

Called “common-interest housing” condos, co-ops, flats, townhomes, and apartments have different meanings to different buyers and even have different colloquial meanings than the official real estate industry meanings. Below you'll find a breakdown of the differences between these housing types along with the advantages and disadvantages of each. What is “Common Interest Housing”? Before going too deep, it...