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 Here are some quick pros and cons to condo ownership.

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If you’re considering buying a condo, here are the pros and cons of condo ownership you should weigh first.Pros:

• Affordability. A lot of condos are cheaper than single-family homes, especially in downtown metro areas. 
• Amenities. You’ll have access to things like fitness centers and pools, and you’ll be protected by a security gate and security officer. 
• Less maintenance. Exterior chores like lawn care, painting, etc., are done for you.

Before you make the leap and purchase a condo, our best piece of advice is to read its HOA documents.

Cons:

• High price points of HOA fees. In fairness, they’re typically high because they offer a lot of incentives, but there’s always the possibility that they’ll rise due to inflation. 
• Lack of privacy. In a lot of ways, living in a condo is like living in an apartment. Some people prefer this arrangement, others don’t—it all depends on your preference. 

Before you make the leap and purchase a condo, our best piece of advice is to read its HOA documents. See what they cover and what the regulations are.If you have questions about this or any real estate topic, don’t hesitate to reach out to us. We’d love to help you.