Not all potential homebuyers are interested in purchasing the traditional detached brick house with a sprawling yard and a garage. In today's real estate market, an increasing number of buyers are choosing instead to buy condominiums over single-family homes. And, the reasons for doing so are many. Despite the many advantages to condominium ownership, there are a few negatives as well.

Advantages of buying a condo.

1. Condos Are Affordable.

When comparing costs, buyers can expect to pay less for a condo than for a single-family house or townhouse of the same size. Similarly, a 2-bedroom condo is considerably cheaper than a 2-bedroom house in the same community. Condos are also great options for first-time homebuyers looking for a starter home.

2. Maintenance.

Maintenance and daily upkeep of the building and surrounding property is the responsibility of a manager or management team. The Condominium Association hires the management team to take care of the following:

* Lawn care.

* Landscaping.

* Garbage removal and recycling.

* Snow removal.

* Cleaning common areas (elevators, lobbies, stairwells, and hallways).

* Major repairs (roofs, windows, and furnaces).

3. No One Knows You're Away.

Condo owners can travel (for business or pleasure) without anyone knowing of their absence. There's no need to alert neighbors of your departure or to ask them to pick up mail, newspapers, and flyers. Condo owners have the luxury to just pack and go at anytime.

4. Location, Location, Location.

Many condominium developments are conveniently located in the downtown core. With close proximity to subways, there's little need to travel by car. Homeowners also have easy access to:

* Major attractions.

* Theaters.

* Restaurants.

* Sporting venues.

* Shopping districts.

* Taxis.

5. Lifestyle.

A major advantage of living in a condo is the ability to enjoy numerous amenities within the complex. Residents share the use of a pool, tennis courts, and a gym. These amenities are not usually available or affordable in the average single-family home.

6. The Condominium Association.

The association is made up of elected, volunteer board directors who are individual condo owners. The board is responsible for all the decision-making regarding the property. They define the rights and obligations of all unit owners. Meetings are held regularly and owners can participate in the decision-making process.

7. Changing Demographics.

Singles, career couples, empty nesters, and baby boomers like the hassle

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