Co-ops in small buildings may face stormy seas

(Flickr photo by Steve Babb)

There are many advantages to buying a co-op in a small building, among them:

  • Being well acquainted with your neighbors;
  • Generally low maintenance fees;
  • Scale that is desirable to many of its residents;
  • Numerous opportunities to participate meaningfully as a volunteer in a diminutive community;
  • Application procedures that may be less onerous than in larger buildings.

However, some buyers see the disadvantageous side of the coin: Continue reading

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