Real estate: Advantages of Buying or Owning a condominium

Condos have become an increasingly attractive home ownership option for singles, young couples, families and retired couples 

(that's just about everybody!). 

A condo is a viable option for anyone who wants to own a home without the worry of repairs, 
maintenance and dreaded chores like snow shoveling.

Condos are usually located in well established, proven neighborhoods.

Giving you the opportunity to see where everything is 
before you decide to buy. Some condos are the same size as houses as far as square footage is concerned, and the 
accessibility is a little more governed. You have people closer to your condos so there is more of a chance that someone will 
watch your property while you are away.

You need an inspection completed before buying a condominium. 

Do not forget that when you buy a condo, you are also buying 
into the entire building in which your condo is located. As a co-owner of the building, you will be assessed your proportional 
share of the cost for corrective work required in common areas, such as the roof, heating system, or foundation.

Condominiums will increase your buying power. 

Condos usually sell for 20 to 30 percent less than similar detached homes. You 
will have all the luxury of owing your own home, but will be able to share the cost of upkeep on the building, roof, and 
foundation. For most buyers the choice is to buy a condo that meets their living needs or continue to rent.

Condominiums usually cost less to maintain than detached homes. 

The replacement cost of the high rise's roof, may be more in 
absolute terms than replacing the roof of a detached single-family home, but the cost per owner should be less.

Condominiums have amenities that you could not otherwise afford, such as swimming pools or tennis courts, there own
community center with exercise rooms and much more. 

Condominiums are ideal homes for people without children or some with  a very small family.