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Dear PoP – What’s the difference between Coop and Condo?

by Prince Of Petworth January 25, 2010 at 2:30 pm 22 Comments

Condo
Photo by PoPville flickr user Rukasu1

“Dear PoP,

I am a first time home buyer from the Ohio farm lands. I have living in DC for about 18 months and I am finally looking to buy a condo, but I have a question; what is the difference between a condo association and coop? I have not heard to much about either, so I would love to hear some experiences from the readers.”

I know folks have spoken about this before. Simply put, a condo is when you purchase your unit and a coop is when you purchase a “share” of the building. Does anyone know what the pros and cons are of purchasing a coop vs. a condo?

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