Why do people prefer to buy a condominium rather than another kind of home?

In a condominium, an owner pays a monthly assessment to the association that owns the exterior real estate assets.

The association then pays for, for example:

* Building insurance * Building and property security * Common area housekeeping * Sewer and water service and other utilities * Landscaping services * Preventative maintenance * Legal fees * Accountancy fees Depending on the condominium, as an owner, you can enjoy all the luxuries of owning a home and the board members are responsible for protection, maintenance and preservation of the real estate assets that all unit owners own in common.