The pros and cons of buying a sponsor unit

A sponsor unit at the Aldyn listed by Sotheby's International
A sponsor unit at the Aldyn listed by Sotheby’s International

Have you come across the phrase “sponsor unit” in your house hunt? Obviously this term has its technical definition — a home owned by a builder or corporation in a building converted from a rental — but it can mean good and bad things for your purchase. A good aspect? NY1 reports that there’s no board approval process. A bad one? They generally cost a bit more. Read more here.

No Comments Yet

Comments are closed