WHY BUY A CONDOMINIUM?
• They can be (but not always!) more affordable. It’s better than wasting money on rent, and it’s a start on the road to real estate investing. • Their appreciation is now rivaling and sometimes surpassing that of single family homes. • It’s a shared investment with a pool of talent (you and other condo owners) who also have concerns for their best ownership decisions, AND yes, those co-tenants can be obstacles, so investigating the mood and mien of the population before you buy is critical. • You can have the freedom and security of your own home without worrying about the management and maintenance issues that are yours alone in a single family homes. • With the housing unit you also get a population of potential friends, and you immediately have something in common. • If you are looking to fix and resell, condominiums generally offer greater potential for cosmetic distinction without the risks of structural issues.
