There is no one-size-fits all answer to what property type is best. Each has its pros and cons. Before deciding if a condo is right for you, here are some things to consider. 

A condominium or condo is often considered the hybrid between an apartment and a single-family detached house. Depending on the area, condos come in many shapes and sizes but in most cases they share at least one wall with a neighbor. If it’s a multi-floor or high rise building, your neighbors may be above or below you as well. 

Pro: Typically, condos or townhomes are less expensive than single-family detached homes in the same area. If you’re looking for a lower monthly payment in a specific area, it could be the right solution for you. With condos, less space is required per home so it’s more cost-effective for developers to put condos nearer downtown areas. 

Con: You have association fees, each month. Granted, these fees are used by the association to pay for yard and exterior home maintenance. These monthly fees are not fixed and depending on your association bylaws can change at any time. As a homeowner, you don’t get to decide how the funds are allocated, the homeowner’s association (HOA) board does this. If you’re looking to be more involved in budget allocation decisions, you can run for a position on the board. 

Pro: Say goodbye to shoveling and to mowing the lawn. If you’re someone who dreads yard work or home maintenance, a condo could be the right fit. To ensure uniformity between units, the association hires and schedules lawn and garden care. In the harsh winter months, having not having to shovel your driveway or sidewalk can be a major plus. The same goes for the condo’s exterior. Yes, we mean roof, windows and siding. All things that you would have to replace as the owner of a single-family home. 

Con: You can’t fully customize your curb appeal. The association wants all the exteriors to have a cohesive look, that means adding plants, painting your door or removing a tree might not be allowed. Be sure to check the bylaws to see what changes can be made with or without board approval. 

Pro: There is a sense of community. Sharing a wall often means that you have a closer relationship with your neighbors than someone who resides in a single-family home. Having shared spaces or resources 

Con: Little to no yard. Due to the close proximity of units, the land associated with a condo is typically slim to none. If you have pets who love to run or small children you may prefer a property that offers a fenced in yard. 

Every HOA has a different set of rules and guidelines, before making an offer, we suggest asking for a copy of their guidelines and bylaws. Reviewing the bylaws helps you make a fully informed decision. 

Just like every person, every home is different. Let a MOTUS agent help you find the perfect housing solution for you.