Condominium, or better known as a condo, can be a great real estate asset based on your current needs as a single, couple or family looking for a new place to live. Of course, being different from a single-family home, you need to consider some differences, pros, and cons before hiring an agent to buy a condo.

Condos come at a lower price compared to a single-family residence, generally. Of course, this can be a good thing but also a negative considering that you have a single wall separating you from your neighbors above, below and to the left of right to you. However, considering that many condos come with a shared fitness center, pools, tennis courts, restaurants, shops, and bars, the fact that you can sometimes hear your neighbors from across the hall isn’t necessarily a bad thing. Another pro is low maintenance compared to a house residence. Apart from this, a community where your new condominium is located is of utmost importance and many other variables that can make or break your purchase.