For years I thought a condo was a physical structure, an apartment that one could own. Wrong! It's actually a form of legal ownership, not a style of construction. This includes townhomes and possibly some individual homes. Several factors surround this. It's important to note for a friend of mine recently purchased home owners insurance for her new townhome. Not knowing that her responsibility excluded the exterior of the home, she had coverage for the roof & every other outside element. Yikes! That's money being burned & in these tough economic times we've all got to be financially savvy.
I'd love to hear other blunders around the word "condo" (yes even if it's a confusion with the term condom...an error I made as an adolescent).
Fiorina at
http://www.espo-estates.com/
