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Published on Sunday, August 31, 2008
By LA Daily News Staff Writer
For many aspiring homeowners, buying a condominium is an affordable way to transition from being a renter and begin reaping the benefits of homeownership without a lot of the added costs involved in maintaining a house with a yard on a piece of property.
Condos also may come with added perks many first-time homebuyers might not be able to afford in their starter home, such as a swimming pool or hot tub, or resortlike amenities such as tennis courts and security guards.
But the condo life also requires owners to give up some of the freedom they would enjoy if they owned their own detached home, all while being exposed to onerous maintenance fees on top of their mortgage payments.
And too often, experts say, condo buyers don't stop to consider exactly what they're getting into
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