A condo is a private residence located within a community or a larger building. Condo owners share standard amenities like manicured grounds, pools, and fitness centers. These units have become very popular in urban centers because of their convenience, ease of maintenance, and affordability.
Living in a condo is like owning an apartment, but you will be required to pay monthly fees to ensure that the typical amenities are in good condition and operating. Other condo units surround units in large buildings. Buying a condo is cheaper than purchasing a single-family unit. Single-family homes are ideal for individuals who like more freedom and privacy. The other benefits that you can enjoy by living in a condominium include:
Less Maintenance
Maintenance of condo units is done by hired people and not the owners. These people will maintain the grounds, fix the shovel snow and roof, and cut grass. This means that you don’t have to hire other people to replace the siding or dothe landscaping job. 
This is a major benefit for first-time homeowners and other people in poor health or with tight work schedules. If you want to spend your entire life in a condo, you will have experienced staff and close neighbors who can help you in doing some of the major repairs.
Affordability
As mentioned earlier, these units are cheaper than standards single-family units. The average selling price for a condo unit is around $248, 000 while that of a single-family home is around $260,000. You can still get units that are cheaper than this, depending on the community and region. So, these units are ideal for individuals who have a tighter budget.
Security
Condo units offer locked or gated entries, security personnel, or even doorkeepers for residents. Having close neighbors is another great advantage for condo owners.
One can, therefore, reduce the risk of house break-ins by living in a condominium. This means that one can easily get assistance in case of an emergency.
Amenities
Want a fitness center? A pool or playing games at the community clubroom? Most of the modern condo units are designed to offer residents the best amenities. This makes them an excellent option for average homeowners who can’t afford such facilities.
Sharing these amenities will also help you in knowing more about your neighbors since you will be interacting with them most of the time. This is an excellent perk for homeowners who want to socialize with their neighbors.
