There are pros and cons when it comes to owning a condo, and if you’re planning to purchase one then it will be a good idea to look into what those pros and cons are. On one hand you have an HOA which will take care of the grounds and the landscaping so that’s taken care of. One of the big cons is still the HOA, they have a lot of rules that don’t make sense to a lot of people and they can charge quite a bit.
- If you are interested in purchasing a condo, check out these pros and cons.
- Pros include the accessibility of condos and the many amenities that tend to come with them.
- Cons include their expensive price and additional fees to HOAs and more.
“Zillow research finds that older generations are most likely to buy a condo, 7 percent of which are Boomers, those born between 1946 and 1964, and 13 percent are from the Silent Generation, those born between 1925 and 1945.”