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Ready to downsize? Looking for an entry level home? Condominiums can be an excellent option for those who want to own without taking care of a big yard. For the first time buyer looking to get into something affordable without a lot of maintenance they can also be a great option.
One thing buyers should be aware of when looking at buying a condo is the financing. Some condominium communities have been drawn into litigation. Others may have more tenant occupied properties than the banks like. Condos are popular with investors. Their HOA fees are lower than most high rise buildings but they offer many of the same desirable amenities. Community pools, fitness centers and outdoor recreation areas are typical of many Las Vegas and Henderson condominium communities.
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