■ Fire Insurance■ Fire insurance is recommended for all property owners. It covers damage to buildings and household belongings caused by fires and natural disasters. Since fire risks exist, this insurance is generally considered essential. Point: Premiums vary depending on the property's location and building structure. Areas prone to natural disasters or wooden structures tend to have...
September 2024
When you buy a condominium, there are ongoing monthly costs beyond just repaying your mortgage. These include "management fees" and "repair reserve funds." It's important to fully understand these fees before making a purchase. In this blog post, we'll provide a detailed explanation of these costs, which you'll continue to pay even after buying your condo. ■(1) Ongoing Costs After Purchasing a...