Buying a condominium comes with a number of advantages. The primary advantage is that condos generally allow you to buy more home for less money. Because condos spread building costs over many residents, they usually sell for 20 to 30 percent less than a comparable detached home with the same amount of livable space.

Condos also offer lower maintenance and more convenience than traditional homes. Repair costs are shared by all residents through homeowners’ association fees, and you won’t have to worry about mowing the lawn or trimming the hedges. Condos also offer amenities such as pools, fitness centers, or tennis courts that individual homeowners often cannot afford. Search for condos by community or price range.