Condo Living – Some Disadvantages

Depending on one’s viewpoint, here are some points to consider:

• Payment of Condominium Association fees which are not tax deductible.
• Paying for amenities that you may not use.
• Unexpected increases in monthly fees and for maintenance costs.
• They have a set of rules that can include restrictions on noise levels, outdoor barbeques, pet ownership, renovations and even the interior décor of your unit.
• Poor soundproofing
• Parking is often in a common area not attached to the home.
• Condominiums are more affected by trends in the real estate market. If the market falls, usually condos are the first to suffer, the last to recover.