If you're planning on purchasing a new condo and have never owned your own property before, there's one important thing to remember. When you see a lovely condo being advertised on the listings and you feel that it's something you can afford, you'll first want to find out what the condo fees are. The fees will need to be paid monthly and should be added to the mortgage amount of the condo when you're trying to determine whether you can afford the monthly payments.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Condo Fees
Condo fees can vary across the board from one condo to the next. Quite often, these fees aren't listed in the advertised listing
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