Why buy a condominium?

Condominium living is different from owning or renting a single dwelling, town house or apartment, because condos have a dual nature. Condominium owners hold title to their units and share responsibility for the operating costs of the balance of the property (common elements such as lobbies) that makes up the condominium. Many buyers do not want the responsibility of making day to day decisions about the care of the property they own. They also do not have the time or desire to do the chores home ownership may bring to them.