What is a Condo?

A condo is a residence unit, often referred to a condominium. It's usually located in a bigger building that shares amenities. Condo owners can choose to reside in their condominium or rent it out to tenants. Condo owners purchase a condo in the same manner as purchasing a home They are required to have to pay closing charges, a downpayment and then a mortgage to increase their equity. Condominiums might share common spaces like a garden, laundry room, gym or a pool. However, condo owners are the only ones to own and can renovate the space within their unit. https://www.thecontinuumcondos.sg/