Buying a Condo or Townhome in DC, Maryland, or Virginia: What to Know

Condos and townhomes are popular in the DMV due to walkability, affordability, and convenience. But they come with unique factors that buyers must understand before making a purchase.

HOA Rules & Fees
Every condo or townhome is part of a homeowners association (HOA). These organizations handle community maintenance, amenities, and property standards — but they charge a monthly fee. In DC, some fees exceed $800/month, depending on location and services.

What HOA Fees Cover:

• Common area maintenance

• Security or concierge services

• Water/sewer/trash

• Reserve funds for major repairs
  Always review the HOA’s budget and financial reserves before committing.

Resale Restrictions & Rental Rules
Some HOAs limit your ability to rent out the unit or restrict who can buy. These rules can affect resale value and rental income.

Condo Documents Review
Before closing, you’ll receive resale disclosures and financials. Look for:

• Pending lawsuits

• Underfunded reserves

• Rules that may affect your lifestyle or plans

Final Tip:
Condos and townhomes can be great investments — but the HOA is just as important as the home. Your agent should help you do a full review before you buy.