Whats the difference between Condominiums vs. Site Condominiums?
Most homes built in Michigan prior to 1980 are either single family detached residences on platted lots, unplatted acreage parcels (land and buildings are owned together by deed holder) or attached condominiums (land and structure owned by condominium association, interior of structure owned by deed holder). Many of the detached single family developments built after 1980 have been developed as “site condos”. In these cases, both the land and the building are owned by the deed holder, but the common areas and use restrictions may be controlled by an owner’s association. Consult with your Coldwell Banker Weir Manuel Sales Professional for details about the different forms of ownership and their advantages.
