
The Pros and Con(do)s of Buying A Condo
As people progress in their lives, chances are that they will experience a desire for increased ownership and investment in their living space. For many, this might mean a transition from an apartment to a traditional single-family home. Certainly, a traditional home has many potential draws for a first-time homeowner, but depending on priorities and interests, it would be a mistake not to consider a condominium. Condos are often regarded as a less expensive, more obtainable first home for young people. If you are in the market for home ownership, it would be valuable to review the pros and cons of buying a condo. But first, it’s important to develop a general understanding of how a condominium differs from an apartment or a traditional home. What Is A Condominium? A condominium is a residential complex consisting of separate units, each owned by their respective resident. Often abbreviated as simply “condos,” these units resemble apartments in some ways, often sharing walls with other units. Sometimes they are even located in highrise buildings, with units above or below one another. Condo owners are responsible for the upkeep of their units’ interiors, while they must join their condo’s association to collectively care for








