When you decide to take your first step on the property ladder, you will have plenty of property-types to choose from. Many buyers prefer to buy an existing single-family home, some want to buy a plot of land on which to build their house, while others would like to get the keys to a condo.
If you are a member of the latter group, you may be interested in learning a little bit more about the benefits and drawbacks of purchasing a condo:
• A Gated Community
Condos often offer higher security than a traditional home as they usually sit within a gated community. There will be a security presence at all times at the gate, keeping a close watch on the people who enter and leave. If you are at all concerned about crime and theft in your area, this added security can do a great deal to set your mind at ease.
• A First Home
If you, like most people, don't have a huge budget to purchase your first home, a condominium may be an attractive option. They...