Condos in Reno, Nevada
Some of the most affordable real estate in Reno
If you're a first time buyer, investor, single, married with no kids, or a small family, a condo in Reno may be the perfect place for you. Why? Price, convenience, amenities, location... condo's offer all this for much less than a similarly sized home. A condo generally allows one to live closer to the city life without the price of a home in the city. Condo's are for people on the go. When you don't have time to worry about upkeep or landscape, a condo may be the right place to live for you.
Prices of Condos & Townhomes in Reno
The most basic of condos in Reno start at about $100,000 with more deluxe condo's and townhomes in the $150,000 - $200,000 range. This represents a viable alternative for those not able to afforde a home in the city of Reno.
We are often asked about the structure and requirements of condo living. We hope this will help explain exactly what a condo is and what condo living entails. When you purchase a condo, you own it, just like you would own a house, you must take care of it and maintain it. The difference is that with a condo, there are common areas that are jointly owned by all of the condo owners. These areas and the overall structure of the building, etc. are maintained by the corporation running the condominium units. For these things, which may include fitness areas, swimming pools, lounges, land that the condo sits on, landscaping, grounds, and other facilities each condo owner is charged a monthly fee much like a home owners association fee. However, condo fees are typically more expensive than home owner association fees sometimes amounting to the price of rent of a similarly sized apartment unit.
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