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Depending on your life-style and your values, a condominium may or may not be a smart place for you to live.

If you don't like rules, prefer to live noisily, keep odd hours, own many vehicles/ tools and so forth, produce large parties, traffic heavily with your friends, a condominium may not be your best choice.

If you want to live simply, quietly, with neighbors who share your real estate values, and are willing to pay someone to maintain, preserve and protect your home, a condominium could be a perfect match.

The mistake to make is to buy a condominium without first reading the governing documents, the last three years' worth of minutes and financials and having never owned a home before. In order to rectify this error, educate yourself about the condominium community where you want to buy a home before you purchase a unit.

The biggest disadvantage is a buyer's ignorance.

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12y ago
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Q: What are advantages and disadvantages of living in a condominium?
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