Home Real Estate Looking into Condos in the Old Town Market

Looking into Condos in the Old Town Market

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(Brightmls.com)

By Lyssa Seward

Alexandria, VA – Hello Zebra readers, this month, let’s chat about condos. What is up with the condo market in Old Town Alexandria?

First, let’s define exactly what a condominium is?

A condominium (also called a “condo”) is a property complex comprised of individual units. Each unit is owned separately. Ownership usually includes a nonexclusive interest in certain community property that is controlled by the condominium management. Condominium management is generally made up of a board of unit owners that oversees the daily operations of the complex, such as lawn maintenance and snow removal.

The facts about condominium living

· A condominium, or condo, is an individually owned unit in a complex or building of units.

· A condo owner owns the air space inside their condo, sharing an ownership interest in the community property, such as the floor, walls, sidewalks, stairwells, and exterior areas.

· A…

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