Condos: The good, bad and the convenants

Some Condos have storage lockers. But usually there are no attics or basements to store belongings.

Outdoor space. Yards and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit. However, if you hate yard work, this may be a perfect option for you.

Amenities. Many condo properties have swimming pools and other facilities that would be very expensive in a single-family home.

Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit and let in workers when you are not home.

Security. Many condos have keyed entries, door attendants or both. Plus, you’ll be closer to other people in case of an emergency.

Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether you’re interested in the amenity or not.

Resale. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions and bylaws of the condo carefully before you make an offer.

Proximity. You’re much closer to your neighbors in a condo or townhouse. If possible, try to meet your closest prospective neighbors before making a decision.

Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property.

Again — read the covenants.