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Pros and Cons of a Condo
Is the condo lifestyle right for you?
Owning a condominium is different from owning a single-family home in many ways.
Here is a list of the basic advantages and disadvantages of condo living to help you make your decision.
Location: There is often a high concentration of condominiums in center city where land is at a premium. If you want to be in the heart of the city, a condominium may be a good choice. Security: Having neighbors around makes it a lot easier to lock up and leave for a vacation or an extended period of time. Also, condominium buildings often have security features, such as buzzers or a security guard service. Low maintenance: You dont have to worry about mowing the lawn or shoveling snow. Condo living means someone else takes care the upkeep and maintenance of the common areas of the property. Affordability: While condominiums have a wide price range, the lower range is often within the budget of first-time buyers and others who may find single-family houses unaffordable. Amenities: Most condominium developments offer a range of amenities in the common areas. This means that you may have access to a swimming pool, gym or tennis courts ... more
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