Secure Future: You are protected against the increasing cost of living. The stabilized monthly mortgage payments are a great advantage over the upward rental adjustments that apartments charge during periods of increased market demand and inflation, such as fees and taxes.

Better Choice of Location compared to single family homes. Condominiums put land to a more intensive use, therefore making prime locations more affordable.

Some condominiums have numerous of recreational facilities which would surpass the economical means of the typical home buyer. Just to mention a few amenities that condominiums may include are: swimming pool, tennis courts, weight rooms, and much more.

Equity buildup is another attraction, in contrast to monthly rental payments, mortgage principal pay-off increases with each installment. Thus, a growing percentage of the buyer's dollar is converted into property ownership.

A condominium gives the buyer the opportunity of an income tax subsidy. As a condominium owner, all money paid for mortgage interest and property taxes is deductible.

A great many unmarried individuals are becoming homeowners by purchasing condominiums, either individually or in combination with others. They are motivated by the advantages of freedom from landlords and increasing rents, providing themselves with a hedge against inflation.

The buyer can enjoy minimized up-keep. He is not burdened with the numerous chores that usually beset property owners. Lawns, roofs, porches, carports, and all other common area property are maintained professionally.

Condominiums offer a rewarding investment. They give the buyer a suburban life style while providing an "inflationary hedge". In light of the growing cost of construction and the general trends of the real estate market, the unit value can be expected to increase considerably. Therefore, it is a sound investment which can be resold or rented to others.

Inadequate parking facilities are a common objection. Often, only one space per unit is allowed and minimal space assigned for guests.

There is a small loss of personal freedom and individuality in having to conform to occupancy regulations.

Although you have the right to use the common areas, you do not have any outdoor space to call your own.

There is no opportunity to expand the living space of your unit.

The noise factor is often high because your neighbors are close by.