Homes are purchased on a daily basis with many of those being first homes. In fact, out of 7.3 million buyers in 2013, 40% of those purchased their first home, according to the American Housing Survey. The neighborhood may be ideal, the school system may be perfect, and the house exactly what you were looking for, but the price may not be what you expected. Besides the down payment, there are several expenses that come with purchasing a first home.
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Property management companies are most well-known for their ability to collect rent and act as landlords on behalf of an owner. These duties, while most common, are not the only ones property managers may perform. Those who vacate second homes or vacation properties for several off-season months, for example, may hire a property management company to check up on things and institute necessary care when needed. To get the most out of this arrangement, it is best to make certain specific requests of the property management company.
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If you're in the market for a new home, you have a number of options to choose from. Single-family and town homes are two popular options, but there's one option that may be an even better choice: a condominium. A condo is a single unit in a multi-unit structure, and although it may seem the equivalent of an apartment, a condo has a number of significant advantages. Learning more about the benefits of buying a condo can help you see why it's the right choice for you.
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