As a condo owner, you are co-owner of every common area the condo building has to offer. Many buildings offer tennis courts, swimming pools, a fitness center, a theater hall, and other amenities that you may not be able to afford on your own. It seems foolish to think about selling an apartment or house that you haven't even bought yet, but you should consider long-term marketability before making a purchase. Houses are more likely to offer good investment opportunities, as apartments are just as valuable as the units around them. Hasmik Petrosian, a consultant based in Toronto, Canada, lived in an apartment before buying a house with stairs and soon realized it was a huge frustration. "My experience with stairs has given a new respect to elevators and the fact that condo life is practically a life without stairs," he says. Like single-family homes, multifamily homes, and apartments, owning an apartment has its share of its pros and cons. Another advantage of the house is that it allows for additional indoor and outdoor space, which is more conducive to housing families, children and pets. Homes also have more storage space in closets, attics or basements. Houses offer more privacy because neighbors don't live as close as they do in apartment buildings. They also describe common areas, such as parking lots and service areas, and perfect ten singapore what only a few residents share, such as communal gates, mailboxes and patios. Understanding this information will give you an idea of what you are responsible for when you become an owner and the HOA regulations you must follow. And while apartments are individually owned as single-family homes, they differ in that condo residents share walls, common areas, and amenities with their neighbors. Are you made to own an apartment, or is it better to buy a single-family home? Some people love living in a condo community, while others discover over time that they would be happier with a little more privacy and freedom. Buying an apartment can be a great option, whether you're starting a family or escaping empty nest syndrome. There are some important questions to ask before buying an apartment and as many disadvantages as advantages. Buyers can choose between a traditional home or an apartment when buying a home. Aside from the location, the type of property is one of the most important decisions you need to make.…