What Are Condos?

This article is about condos, which are privately owned apartments within a building, and the article explains the definition of a condo, how it works, the differences between condos and apartments, and different types of condos. Condos are a great option for first-time homebuyers and people who want to enjoy homeownership without a lot of maintenance. Condo owners are responsible for maintenance and repairs done to their specific units and pay condo association fees to maintain the exterior of the complex, facilities, and shared common areas. There are different types of condos such as freehold and leasehold condos, condominium developments, condo homes, condo shares, detached condos, and private condos. The article explains each of these types in detail, along with the advantages and disadvantages of living in a condo.