1. Owning a Condo Is Just Like Owning a House When you buy a condo, you become a homeowner and gain access to most, but not all, of the rights that come with buying a freestanding property.

With dorm room costs rising faster than tuition, this is an option for families that can scrape up a down payment, find a ...

it’s worth deciding if you’d be happier owning your own condo unit than a detached house. The biggest difference between a condo and a house is typically the amount of space you’ll be occupying.