Here is some basic information which might help you decide!


What is a condominium exactly?

It refers to not the style of a property, but to the form of ownership. In a condominium development, each unit owner generally owns the 3-dimensional space inside the unit walls, along with an interest in common with all the other condominium unit owners in the "common elements". (Some typical "common elements" might include stairwells, balconies, sidewalks, parking lots, etc.)

Why own a condominium?

• You have less maintenance responsibility. Exterior maintenance and repairs are typically the responsibility of all of the unit owners, and are frequently handled by a professional property management company.
• A condominium often includes the use of recreational facilities. Condominium projects often have the advantage of included recreational facilities. Some common examples might include swimming pools, tennis courts and health club facilities.
• Condominiums are often the best "bang for the buck.". If the land cost is too high for single-family homes, a condo development can make it more economically feasible.