Living in a condo is not for everyone. It has some benefits, but also some drawbacks. People opt for this style of living for various reasons, and you can find condo tenants across all ages. The price of a typical unit can be different than regular home based on the area. There is less that you need to take care of, so maintenance requirements are generally low. On the other hand, there is limited space and privacy can be an issue.
- A condo reduces the amount of time you’ll spend on home maintenance.
- Condominiums often come with amenities such as a pool, a gym, and tennis courts.
- Downsides of condo living include less privacy, more noise, less space, and HOA fees.
“Condos differ from apartments because an apartment is usually rented instead of owned.”