TwinCities.com had two interesting articles about the advantages of condos for home buyers: (Membership is required to access TwinCities.com pages, but membership is free.)
The 50+ effect – Seniors are becoming a sought after niche in the housing market. Builders are designing homes to fit a range of needs, from community-focused condominiums where a wide range of services such as meals, housekeeping, and wellness programs to less involved, yet no-maintenance town-homes. Condominiums offer a continuum of living environments depending on your needs and taste.
Fear of commitment evaporated when she found the right condo – Young singles are finding that a condominium is a perfect solution when you want to own, but don’t want to take on the burden of upkeep and maintenance such as lawns, roof, and basements. For many, buying a condominium is a good investment, a good tax break, and a comfortable place to live.