Location, location, location! The #1 rule in real estate holds true for condos, too. Location will be one of the biggest factors in determining your condo unit's future resale value.
When you hear "condominium," your first image may be of a luxury high-rise in a big city. However, a condominium is not a type of building, but a type of property ownership.
You can buy a condo within almost any type of residential structure. When you do, you purchase a "unit," which consists of all the area within the finished walls of your space.
