Make your condo purchase a smart one

7 questions to ask before signing contract

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Spring is the busiest season for condominium sales. There are many reasons for buying a condo instead of a house. They make great affordable first homes. They also make great "last homes" if you are downsizing from a large family house to a smaller residence. Although condos are no longer the "ugly ducklings" of housing since they now often appreciate in market value about the same as comparable single-family detached houses, there are special questions condo buyers should ask to avoid buying a "bad condo." Buying a condo can be more complicated than buying a house. Purchase Bob Bruss reports online. CONDO ADVANTAGES. The many reasons for buying a condo instead of a house include (1) usually less expensive than buying a similarly sized single-family house; (2) exterior maintenance is the responsibility of the condo homeowner's association; (3) the security of leaving your condo for an extended period without worry (called "lock and leave"); (4) homeowner tax benefits sim...