A lot of people believe that owning a condo instead of a house is cheaper and a whole lot easier. This may be true in a lot of ways but there are still things you need to know before you make that big investment. What you need to remember is that when you live in a condo, you will be sharing the space with other people. Though you will have your own unit, there are still areas that are communal like elevator, lobby, building exterior etc. It is not necessary to socialize with the neighbors but it would be good if you do not mind having short encounters with them daily. You also need to know all the Homeowner’s Association fees. These are expenses you need to pay to cover the maintenance for common areas, insurance etc. All of these details should be discussed so that you don’t feel like you have been duped into buying the property. ALL CONDOS would charge you for this.