Condominiums
Condominiums represent one type of popular shared housing. With condos, individuals buy and own a unit, but the common areas like hallways, heating systems, and exterior areas are owned in common by all the owners and governed by a condo association. Most condominiums are located in multi-unit housing complexes, but detached condominiums as … Keep Reading → planned neighborhoods do exist. The concept of condominium ownership exists internationally as strata title in Australia and parts of Canada, divided co-property or co-ownership in some French speaking communities and commonhold in the UK. In resort areas, vacation condos might be sold as timeshares. Condo ownership may not be right for everyone, but the trend toward shared housing at lower costs has seen an increase in condominium projects. Explore the good and bad points of condo ownership from Hubbers.
