Co-op means cooperative housing. It’s an interesting living arrangement in city areas. When you buy a co-op, you are actually buying a share of the whole property. This means, you are a part-owner of the whole building and you get a proportion of the entire property as a part-owner. Since you are a shareholder of the entire property, you get a unit for yourself to live in.
Unlike it may sound, co-op is a very cost-effective option compared to a condo or an apartment. If you search for a Fully Furnished Apartment for rent in Dhaka, you will see that they are comparatively more expensive than a co-op. Thereupon, you can consider buying a co-op as a great alternative to buying a condo. Also, you will get some extra benefits and control over the property if you are living in a co-op. A broader explanation will come later in this article.
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Co-op means cooperative housing. It’s an interesting living arrangement in city areas. When you buy a co-op, you are actually buying a share of the whole property. This means, you are a part-owner of the whole building and you get a proportion of the entire property as a part-owner. Since you are a shareholder of the entire property, you get a unit for yourself to live in.
Unlike it may sound, co-op is a very cost-effective option compared to a condo or an apartment. If you search for a Fully Furnished Apartment for rent in Dhaka, you will see that they are comparatively more expensive than a co-op. Thereupon, you can consider buying a co-op as a great alternative to buying a condo. Also, you will get some extra benefits and control over the property if you are living in a co-op. A broader explanation will come later in this article.
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