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