When you think about the differences between a condo and a single-family home, you may think that one is contained in a building and one is its own building. Pretty straight forward.
However, if you're shopping for a new home, you might want to weigh on ALL the differences between the two so you know what's right for you.
What IS a condo?
First, the definition of condo is up for debate. The term “condominium” refers to a type of ownership. The actual, physical condo can be either a townhouse or an apartment-style condo. These are the styles of condominium.
What’s best for you comes down to your lifestyle, your budget and examining the differences between what you want and what you really need. For example, if you have a family with…