{"id":369434,"date":"2016-04-04T10:47:27","date_gmt":"2016-04-04T15:47:27","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/owning-a-home\/tips-for-buying-a-condo-or-co-op.html"},"modified":"2022-10-27T13:16:51","modified_gmt":"2022-10-27T18:16:51","slug":"tips-for-buying-a-condo-or-co-op","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/owning-a-home\/tips-for-buying-a-condo-or-co-op.html","title":{"rendered":"Tips for Buying a Condo or Co-Op"},"content":{"rendered":"\n
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Tips for Buying a Condo or Co-Op<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Chris Meyers, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Buying a condominium or co-op is much different than buying a single-family house, mostly due to the close proximity of neighbors and certain shared facilities. The neighborhood may share a swimming pool or laundry facilities, for instance, or may have restrictions on what each owner can do with his or her section of lawn. Additionally, condo owners often share at least one wall with a neighbor. Condos and co-ops are often referred to as "common interest" communities<\/a>.<\/p>\r\n

See What are Condominiums?<\/a> and What are Co-Ops?<\/a> for more details.<\/p>\r\n

People interested in buying a condo or co-op ownership should pay close attention to the following factors throughout the process:<\/p>\r\n