#hoa-fees

#hoa-fees

Becoming a first-time homeowner brings excitement, but it's crucial to plan financially, especially for condo or townhouse owners, as they have additional monetary responsibilities compared to traditional homeowners. From unexpected repairs to monthly costs, understanding the financial implications of owning a condominium is essential. Condo ownership entails more than just the purchase price; additional costs like home insurance, property taxes, and HOA fees need to be factored into your monthly budget.