They can be less expensive than a single -family home:

The space-exterior and interior is manageable.

Frequently a condo is purchased completely furnished.

The condo association takes care of outside maintenance.

You can feel relatively protected from break-ins when you are not there.

Many condo communities offer many amenities.

Some resort condos will help you rent your unit when you are not there.>

As with anything there are drawbacks with Condo ownership.

A condominium involves communal living.

You own your unit from the interior walls in. The exterior walls and all of the common areas are owned jointly with other owners and you must pay a monthly maintenance fee that covers property taxes for the common areas, office staff, and ground maintenance. With this housing style you are indeed tied to your neighbor.

For the good of the community or, more correctly, for the good of property values, there is usually a lengthy list detailing rights and restrictions of condo ownership. For example, there might be restrictions on paint colors allowed, satellite dish locations, and other exterior decorations; these are but a few examples of many possible restrictions.

Monthly fees often increase.

Monthly maintenance fees do tend to rise, sometimes every year. That escalation could eventually become a financial burden to you.

A condo might be too small.

A condo might not be big enough if you have a large family and plan to do a good deal of entertaining, which could also create noise issues for neighbors.

Something special about the Resort Condo

You can find, in almost any vacation area both, nice, small condominium buildings or complexes that offer few amenities, as well as those with many conveniences such as a pool and tennis courts. The resort with seminally everything-lavish landscaping has attractive buildings, amenities galore, and more. In some instances a conference center could be on the site, and/or a major entertainment arena with a theater.

At these resorts you have a choice of fully furnished condo apartments, from efficiencies to one, two, or three bedroom units.

Buying a Condo to take a look at this very popular option

Buying Mountain Property to find your home in the mountains

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