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The Albrecht Team, REALTORŪ, real estate agents and broker for Indianapolis, Carmel and Geist Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)
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Sue Richards & Jerry Ludlow
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Real Estate Tips
Titles >Holding Title to A Condo

With condominiums becoming increasingly popular among today's homebuyers, it is a good time to clarify the terms of ownership that seem to confuse many people. Condo-type residences most commonly fall into two categories - condominiums and townhouses.

A condominium is usually a multi-story structure. Each owner-resident has a deed of ownership for his own unit and owns the space within the unit, but not the land under the structure. Therefore, condo units can be stacked vertically. Condo owners share title to the common areas of the development, including land, exterior of buildings, hallways, roofs and swimming pools -- all areas used by all occupants. Each owner pays property taxes on their unit. Also, a monthly fee is paid to the homeowners' association that is used for managing and maintaining all common areas.

A townhouse, or town home community is usually a series of single- or two-story housing units, each linked to each other horizontally by common walls. Each owner hold title to their unit and the land beneath it, thus these units cannot be stacked vertically. Typically, a townhouse unit will be a two-story residence, with the living area downstairs and bedrooms upstairs. Common areas belonging to the townhouse development are owned jointly. Each townhouse owner pays property taxes and association fees.

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Real Estate Trivia
Q 
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?

A 
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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The Albrecht Team, REALTORŪ, real estate agents and broker for Indianapolis, Carmel and Geist Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

The Albrecht Team
RE/MAX Real Estate Groups

8555 North River Road, Suite 100
Indianapolis, IN. 46240
Direct: 317-819-3388
Toll Free: 800-876-1596
Fax: 317-819-3366
Email: team@keithshomes.com

Thank you for visiting my site. I look forward to the opportunity to help you buy or sell a home in the Indianapolis area. I have a full team of experienced professionals on hand to help you. We can uniquely offer: · The ability to work with RE/MAX's #1 Sales Volume Agent in the State of Indiana for 1999, 2000, 2001, 2002, 2003, 2004, 2005 & 2006! · FREE use of the Albrecht Team Van · FREE money savings reports you can access via this web site · FREE market analysis of your home · A Client Care Manager, Marketing Director, Buyer Specialists and Closing Coordinator- all dedicated to providing you superior service · I will guarantee the sale of your home, or I will buy it! Please take a few moments to navigate this site. Search the listings and take advantage of our free reports. If you see something you like, please call or e-mail me. I look forward to working with you in the sale or purchase of your next home.

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