Vive la difference! We live in a society where we have choices, and can make decisions based on our lifestyles, needs and capabilities. Single family homes and condominiums are two of the choices we can make when electing to purchase a home and one of them is assuredly the better choice for you.
The two forms of ownership differ. In a single family home, you own the property, including the land, building and amenities. In a condominium, you have fee simple ownership of everything within your four walls entitling you to exclusive use but the common land and facilities are owned together with your fellow condo owners. Because of the shared ownership, the condominium sets out a set of rules and regulations (called CC&Rs) spelling out the rights and restrictions of condo owners.
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