For many people, the first step in home ownership is to graduate from being an apartment renter to owning your own apartment in the form of an apartment-like home: a Condo, a Co-op or a PUD.
Suppose you’re in the market for a home, and you’ve decided against a single-family, stand-alone house. In that case, you’ll want to understand the differences between condos, co-ops and Planned Unit Developments, aka PUDs. Unlike ownership of a single-family home, where it’s all yours, owning a Condo, a Co-op or a PUD is more complex and involves joint ownership with other neighbors and shareholders.
Continue reading Dwellings defined: Is it a Condo, a Co-Op or a PUD? at Movement Mortgage Blog.
