You will be responsible for payment of Condominium Association fees. You give up more privacy when compared to single family homes as well as townhouses. Condominiums are often located in locations convenient to centers of employment and shopping. You only own from your interior walls inward. The rest of the structure and all of the land is owned in common with the other condominium owners.
Condominiums are often more reasonably priced than other forms of housing.
When it is time to sell, it can often take longer to sell a condominium. You want absolutely nothing to do with exterior maintenance and repairs. You like the safety of numerous and nearby neighbors.