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Cougar Ridge Condominiums are a form of ownership that can apply to almost all types of housing. While Cougar Ridge condominiums are generally found in apartment buildings, other types of properties, for example, townhouses, may also have a condo ownership model.
You own the unit, or condo, but you do not own the land it is built on or any common space outside your unit. You are charged monthly condominium fees to maintain indoor and outdoor common areas shared by the condo owners, including parking areas, elevators, carpets, front entrances, recreation facilities.
These monthly fees vary widely in addition to your mortgage payments. Each condominium property has rules the owners of each unit must follow. Condo owners form a “condo corporation,” or members association, and elect members to their Board. This condo corporation’s committee members or Board meet to decide on issues related to the building and its unit owners, for example, whether or not the units can be rented out to non-members and if pets are welcome.
Determining what you want out of your next condominiums living space is a critical step in the condominium buying process. We will work with you every step of the way to ensure your condo purchase aligns perfectly with your lifestyle needs and long term financial goals. One of the most effective and thorough methods of determining what you want is to create a wish list.
Amenities are those building and condominiums features which will make your life more comfortable or convenient. They include things such as an extra parking space, valet parking, a swimming pool or fitness facility.
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Real estate news March 28th 3:40am