Is a condo a house? For many home buyers who are concerned about maintaining the yard and house can trigger anxiety. However, there are various kinds of homes to select from that do not require lots of maintenanceand are priced with a reasonable cost in addition. One of these options is the condominium. What exactly is a condo? Do you really need one? Here's a guide to condo living to help decide if it's a good fit for your personal needs. How do you define a condominium? A condominium, or "condo" for short, is a private-owned unit in a complex of units. Condo owners share common areas like garages, pools elevators, outside hallways and gyms, just to name some. Condos are generally found in high-rises but you can also find detached condos in certain areas. "A homeowners association typically manages the common areas and oversees the covenants, conditions, and restrictions (CC&Rs) that apply to the propert...