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Reply to "What’s the worst/most expensive thing you’ve discovered was wrong after closing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Imagine a two story building that is advertised as a townhouse and looks like every other townhouse. You park inside a garage on the ground level and there are inside stairs that go up. You live mostly on a second level. Sounds like a townhouse. Looks like a townhouse. In fact it was a condo. A portion of my living space was above a neighbor. Not that that matters. I was greatly disappointed in the poor quality of the place. I also realized when they told me it was a townhouse (multiple huge billboards prominently calling their properties townhouses) they were giving me incorrect information as it was really a condo. Not that a condo is a problem in itself. If I realized early on it was a condo I would have been less likely to ever to purchase it. At time of closing they told me I had to get condo insurance. All the documents called it a condo. Well I was 95% done by then having picked every detail in the place. So I realized my mistake at the end. A condo may have been just fine in theory but again the workmanship was the issue. [/quote] There are plenty of townhouses that are condos. They are not mutually exclusive terms. In fact, there are also single family homes that are condos. It's a form of ownership not the type of structure that makes something a condo. So the information was not incorrect. It was your understanding which was wrong. [/quote] Everything said above is true… When looking at “townhouse” communities, there might be a mix 3 floor townhouses (with condo ownership) where some townhouse units include all 3 floors and other units include the upper 2 floors and a separate standalone unit on the first floor. There are a bunch of developments like this along the orange line corridor in NOVA and some in NW DC. If a person has never been exposed to these types of communities, I can see how they might make some bad assumptions.[/quote]
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