Condos For Sale, Rent & Auction At Condo.com

CondoA condominium in itself is a great investment for the first time home buyer. Meyer said the vitality of a local real estate market is usually closely linked to the employment strength of the area. A condo, however, is owned by an individual and usually managed by either the owner personally, or it lies under the umbrella of that condo community’s homeowner association (HOA), often relying on the assistance of a property management company.

Townhouse owners pay lower monthly HOA fees because they pay for much of their own upkeep. Or, they might be a feature that only some condos in the community have, such as a chimney or skylights. As far as inventory goes, nationwide, you’re much more likely to find a wider selection of apartments for rent than condos.

Basically, condo buyers will own the condominium unit itself, and what’s called an interest” (along with all the other …