The 4 Pros and 4 Cons of Buying a Condo Instead of a House

Author: GoBankingRates

Pro: A Lively Location

“Typically, you will find condo locations to be highly desirable, and when buying a home, location is always key,” said James Robbins, a real estate advisor at Engel & Völkers Atlanta, which provides real estate services to the Atlanta market.

“Lots of condo buyers want to be in the hot new neighborhoods, especially if you’re new to a city,” Robbins said. “Condominiums are a really great way to enjoy a walkable lifestyle, shopping in the neighborhood, nightlife and local attractions.”

Con: Possible Pet Restrictions

Not all condos impose restrictions on pets, but many do. “Some condo associations prohibit pets entirely,” Reiner said. 

If you have pets or plan to, make sure you don’t purchase a condo without knowing all the rules here. In fact, look into all the rules associated with owning a condo. These alone could outweigh all the pros.

Read more here. This article was also featured on  Yahoo! Finance and AOL.