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Modern brick and stucco condo buildings with balconies and garages.

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GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.

Which should you choose?

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Ultimately, there are both pros and cons associated with buying a condo.

GOBankingRates spoke with real estate professionals to assemble a list.

Next,find out if buying a starter home is still an option.

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Its a built-in social online grid, Clement said.

You are likely sharing a wall and some common outdoor areas, as you would in an apartment complex.

You might even save some cash on the insurance bill, as well.

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I think its super important to consider the HOA before purchasing a condo.

Decisions about your property are not entirely yours, Clement said.

Want to paint your door a funky color?

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Con: Possible Pet Restrictions

Not all condosimpose restrictions on pets, but many do.

Some condo associations prohibit pets entirely, Reiner said.

In fact, look into all the rules associated with owning a condo.

These alone could outweigh all the pros.

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