More and more people are choosing community living, and condos and co-ops are two popular options. While they both offer shared amenities like pools and gyms, the way they’re owned and run is very different.
This article is here to help you understand exactly what a condo and a co-op are, and to clearly outline their key differences and similarities.
Before you jump into buying property, it’s important to know what you’re getting into. Understanding the difference between a condo and a co-op can save you a lot of headaches down the road.