Condos may be the perfect choice when weighing the pro's and con's of owning and maintaining a house with a yard versus a more maintenance free lifestyle. For many Condo living is a preferred choice with fewer responsibilities, but there are more rules to adhere to. Expenses vary, and part of the financial consideration to review is the monthly condo fees. These are the expenses of maintaining the property that are shared by all of the owners in the community, and can run from as little as $100 per month to over $1,000 (or more). It is important to review all of the HOA documents for the fees, maintenance and reserves required for a unit within a community to be sure that you budget your overall monthly costs correctly on owning this type of home.
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