Purchasing a condominium, often abbreviated as condo, involves acquiring a residential unit within a multi-unit building. Unlike traditional single-family homes, condos share common areas and amenities with other units in the building. Understanding the process of buying a condo is essential for homebuyers considering this type of property.
Condominiums offer several advantages. They often come with amenities such as swimming pools, fitness centers, and security features, which may not be available in single-family homes. Additionally, condo ownership typically requires less maintenance and upkeep compared to houses, as the shared common areas are managed by a homeowners association (HOA) or property management company.
