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No matter what type of property you are purchasing, you know that it is a big decision to make. Before you make such a major decision, it is important to learn about your options. Condominiums and cooperatives are both good options for people interested in owning...
In the state of Texas, affordable housing can sometimes be hard to come by, and various alternatives are sought by those looking to find a comfortable and economical place to live. One option is a housing cooperative, a concept that has been gaining traction and...
Owning a condominium lets you get the financial benefits of homeownership while not having the same upkeep expenses as owning a traditional house. However, it also means you have to obey the condo association rules. Specifically, you may have to allow access to your...
Housing cooperatives should be beneficial for both members and the cooperative itself. Sometimes, though, disagreements arise. Whether these disagreements are meritorious or baseless, the board might seek to remove a disagreeable member from the coop. According to...
Cooperative living is a growing idea in high-population areas where housing costs are rising fast. These living situations give people ownership at a fraction of the cost of transitional home buying. However, many people still do not understand what cooperative living...
Condominiums tend to be more affordable than traditional single-family homes. You will find condos within communities of other units, despite each condo having a single, private owner. While you may own a unit, you share common areas with other owners. Condo financing...
You may wonder who will pay for repairs to your condominium if it suffers damage. HOAs or condo associations usually have a homeowner’s master policy to cover building repairs. Still, condo owners might need their own insurance to pay for other damages. The Motley...
When considering buying a housing cooperative, it may initially seem a lot like condominiums. However, housing co-ops and condos have notable differences that set them apart. It is important to understand these differences, as they can contribute to the decisions a...
If you are part of a governing board that oversees a condominium or a cooperative, you are familiar with voting on decisions such as whether to hike dues for condo or co-op owners. An increase in fees could happen for different reasons, and it is important for condo...
A cooperative can be beneficial for every member, but in some cases, there is a problem. If something happens, you may wonder if your position within the cooperative is at risk. Texas law does allow cooperatives to remove members. But there are specific rules for how...