Both condos and single-family houses are residential property. But when it comes to purchasing a property, condos have fewer benefits than a family house.
Maintenance
Condos are a bunch of houses with shared community property. And this is the reason why work related to maintenance of the property gets divided among all the people living in the condo area. This is an advantage as the responsibility gets divided. All of the communal areas and the outside of your condo will be the responsibility of the homeowner’s association. But you cannot enjoy this while living in a single-family house. All the maintenance-related work has to be done by the owner. They are legally bound to take care of the properties.
Access to amenities
When you are an owner of a condo, you have access to certain amenities. This includes a swimming pool, gym, or clubhouse. You pay for these facilities. And often this depends on the type and quality of condos. But if you are the owner of a single-family house. You don’t get to enjoy the facilities every time. Unless your property is equipped with these, you have to reach other places to enjoy the benefits of the amenities. This is mostly why people are interested to purchase condos over the family houses.
Sense of community
Living in a condo ensures a community, as many people have to share a common space. As a condo owner, you are going to meet your neighbors more often. It comes in handy when you need help from people if you are having a bad situation. Often this presence of togetherness is missing from separate houses. The neighbors abound with the property might not be friendly.