The Benefits and Disadvantages of Condos

This article is reprinted by permission from CondoBenefits.com

Advantages

  1. Condos on average are more affordable then other types of housing.
  2. Maintenance of the exterior of the building will be take care of.
  3. The peace of mind living next to neighbors if help is needed.
  4. Condos can be located in major cities surrounded by restaurants, night clubs, and local bars.
  5. Many condos offer a pool, gym, and basketball/tennis court for those who are active.
*Bonus* Condos are often located in high rise building making for spectacular views.

Disadvantages

  1. 1. There are condo rules by the condo corporation that would have to be followed.
  2. Condos can have additional fees such as corporation fees.
  3. Only your interior walls inward are own by you (depending on which type of condo you own.)
  4. You will have to share the pool, gym, and basketball/tennis courts will your other neighbors.

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