Should You Buy a Condo Instead of a House?
What are some of the pros and cons of buying a condo? They can be a great real estate investment, or end up costing you an arm and a leg. Here's what we think:
- Less costly than a home
- Easy to find a lender
- Increased amenities, decreased maintenance
- Built-in social network
- You don't own the land its on
- Less privacy with shared walls and building access
- HOA can be bureaucratic
- Maybe it's a dud - are there a lot of other condos for sale in that building?