What Is A Condo? Here Is All You Need To Know A Condominium is a property that the buyer can purchase and own outright. It is like a hybrid between an apartment and a house. The condo offers some similar aspects of apartment living. For example, many condos are adjacent to others, so owners often share a wall and live in close proximity. If the individual is residing in a high rise building, their condo may be located above or below someone else’s home just like in the tapestry.
It is a private residence owned by an individual or family in building or community with multiple units. Although are usually a part of a larger building, detached condominiums also exist. There are many aspects of condos which are common among the other condos such as, they share common areas like yards, garages,