Is buying a condo a better deal? A condo is a hybrid living space similar to an apartment and a house regarded as a real estate. Many condos are adjacent to each other so owners are sharing a wall. A high rise condo may also be located above or below of someone else's home too. Condo's share common areas with all the other unit owners in a community including a fitness center, pool, and many other amenities they can offer. They also pay monthly dues to keep these amenities operating and in good condition. If you are contemplating with the idea of committing to a condo, here are it's pros: 1. Less Maintenance Other people do the maintenance for you. You don't need to cut the grass, maintain the grounds, fix the roof or sidings, and no shoving of snow. This is good for people who don't have the time to do these home maintenance. It's really a good option for first-time homeowners, people in poor health, busy with work, or like to travel. 2. Security ...