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Most condos also have strict rules regarding decor and customization of the properties, and you’ll typically pay a COA fee to help keep up the community. There will be more maintenance and repairs to cover, higher insurance premiums to account for, and you’ll be responsible for things like propertytaxes and HOA dues, too.
The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Mortgage interest and propertytaxes may be tax deductible. You Pay PropertyTaxes.
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