1) Resell Value
One of the biggest pros to owning a condo is the resell value. Condos are incredibly popular and a home in the right area can bring a premium in either resale values or rental rates.
2) Lower Purchase Price
Even if the condo is in an area with extremely high property values it will be a lesser amount of expensive to get then a typical single family home. This is because of in part to the shared expenses of property maintenance. However, as a rental unit a property will bring in the same or very close to the same amount in rent as houses will. Before buying a condo, have a look at Interiors By Martin Brudnizki Design Studio.
3) Cost sharing
This one is both a pro, sharing the cost of any major repairs can be a good thing. If you happen to find a great deal for a condo that needs a few major repairs sharing the expense with others helps a lot.
Most condominiums offer excellent amenities you cannot find in one family home. Things like fully outfitted gyms, swimming pools, golf courses, and tennis courts that you do not need to perform maintenance on are great benefits as it pertains to renting or reselling the property.
5) Maintenance Person
Logged water lines, blown fuses and other such things can be a nightmare for a landlord to deal with, but with a condominium a maintenance man is often included and covered under your condo association.