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

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

If you have pets or plan to, make sure you don’t purchase a condo without knowing all the rules here.

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.

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

Setting the Pace, Year after Year

With growth that continues to surpass national benchmarks, Engel & Völkers remains a proven leader in sales performance across global markets.

53%

Higher Average Sale Price in The U.S. vs. National Average

40%

Higher U.S Sales Volume Growth than Direct International Competitor

33%

Of Advisor Involved in $1 M+ Transactions

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