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Buying your first condo in Philadelphia is a different process from buying a single-family home, and knowing where the differences are makes the whole thing far less stressful. Here is what first-time condo buyers in the city tend to run into.Understand what you own — and what you shareWhen you buy

The rent-versus-buy question rarely has one right answer. It depends on your timeline, your savings and how settled you feel in the city. Rather than a strict rule, here is a way to think it through.Start with your time horizonBuying comes with costs you pay once — closing costs, loan fees, moving —

Philadelphia is a city of neighborhoods, and the right one for you depends on how you like to live — walkable and busy, quiet and residential, historic, or new. Here is a short orientation to the kinds of areas buyers and renters most often ask about.Historic and walkableThe older parts of the city