If you’re an apartment dweller, you may have considered the idea of owning your apartment. But can you actually buy an apartment? Well, the answer is a bit complicated. In this article, we’ll dig into what your options are if you’re looking to buy an apartment, what you should consider before doing so, and if purchasing an apartment is actually a good idea. So whether you’re searching for an apartment in Boston, MA , or a condo in Portland, OR , read on to learn more. Can you buy an apartment? The short answer is no; you can’t buy your average apartment. When most people think of buying an apartment, they are actually referring to buying a condo or a co-op, which are both individual units within a larger property. Alternatively, if you live in Hawaii, Florida, or New York, you may be able to buy what’s called a leasehold, which means you only own a unit for a set amount of time. Let’s dig into these options for buying an apartment further. Buying a condo...
