Pros and Cons of Condo Ownership


Have you considered buying a condo versus buying a home?  There is some appeal to owning a condo, because there is less maintenance involved.  But, there could also be some downsides.


Pros of Condo Ownership:

  • Maintenance Free
  • Increased Security
  • Amenities
  • Affordability
  • Appreciation in Value

Cons of Condo Ownership:

  • Condo Association Fees
  • Potential of Mismanaged Funds
  • Lack of Privacy
  • Delinquency of Other Members Can Cause Increase in Fees
  • Difficulty Re-Selling
  • More Rules