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Cooperatives are a long established form of home ownership.
With more than 100 different cooperative buildings in Washington, the concept of cooperatives is often a mystery, even to the savvy purchaser. Overlooking cooperatives in your search for a Washington home, however, means ignoring many treasured, classic buildings. These buildings often combine interesting histories, distinctive and varied architecture, charming details, plentiful landscaping, stylish lobbies, and sought-after locations. This article is intended to highlight the similarities and the distinct differences between co-ops and condos for both the first time and experienced purchaser. The corporation in turn owns the land, building and common elements of the development.