Condo vs. co-op: which is better?
Houses, condominiums, townhouses… if you think these are only your options in deciding which one to , then I’m telling you that you’re missing something else. Co-ops are not really that popular since they’re hard to find, but when you see one, make sure that you check it out.
If you’re not familiar with how co-ops work, it’s basically the same as having a condominium unit of your own. The only difference is that, you are not the only owner of your unit—the owner of the building owns it too. If this sounds ridiculous to you, then better hear this: if you’re staying in a co-op, you don’t have to pay for taxes anymore. The owner of the building does that for you (as he/she pays for the whole building’s taxes).
Photo taken from http://www.oldsalford.co.uk





