Hawaii (Big Island), Naalehu and Ocean View real estate and homes for sale in Hawaii - Linda Caleo, REALTORS® Linda Caleo REALTORS(r) for Hawaii (Big Island), Naalehu and Ocean View, Hawaii real estate - NUMBER1EXPERTS™ Linda Caleo NUMBER1EXPERTS(tm) for Hawaii (Big Island), Naalehu and Ocean View, Hawaii real estate
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Linda Caleo, REALTOR®, real estate agents and broker for Hawaii (Big Island), Naalehu and Ocean View Hawaii home listings, property and land for sale - NUMBER1EXPERT(tm)
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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 are the three most common environmental toxins for which homes are tested?

A 
Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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Linda Caleo, REALTOR®, real estate agents and broker for Hawaii (Big Island), Naalehu and Ocean View Hawaii home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Caleo
Pacific Horizons Properties

95-5970 Mamalahoa Hwy
PO Box 104
Naalehu, HI 96772
808-929-9000
800-272-5662
808-929-9100

Property ownership in Hawaii can be surprisingly affordable--values abound in all price ranges! Linda Caleo and her team of real estate professionals have been helping Kamaaina (residents) and Malihini (newcomers) fulfill their real estate dreams in the Hawaii paradise for over 15 years. Together, she and her 5-member team bring over 51 years of experience in Hawaii real estate to you. Linda has earned the Graduate Realtors Institute (GRI) designation from the National Association of Realtors. In addition, she is a Certified Residential Specialist (CRS), another coveted NAR designation. Linda is also a Real Estate Cyberspace Specialist, a member of the NAR's Realtor's Land Institute, a member of the Board of Directors of the Hawaii Island Board of Realtors, and holds a Master of Business Administration degree from the University of Iowa.

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