Thank you all for answering the question. After doing some research I did find both pros and cons of owning a condo/townhouse. Since the market is still either declining or in the process of stabilization I will take little time and make proper decision. The only bad part is, being first time home buyer I might lose 8K.But we never know they might extend or pass the bill with 15K credit.

Here is some information about pros and cons of condo's. The choice is up to the purchaser. Some people life style fit condo living while others fit single family.

The Pros and Cons of Condos

Condominiums and townhouses offer an affordable option to single-family homes in most areas. But consider these facts before you buy.

1. Storage. Some condos have storage lockers, but usually there are no attics or basements to store belongings.

2. Outdoors space. Yard and outdoor areas are usually smaller in condos, so if you like to garden or entertain outdoors, this may not be a good fit, however, if you hate yard work, this may be the perfect option for you.


3. Amenities. Many condo properties have swimming pools, fitness centers, and other facilities that would be very expensive in a single-family home.

4. Maintenance. Many condos have onsite maintenance personnel to care for common areas, do repairs in your unit, and let in workers when you’re not home.


5. Security. Many condos have keyed entries and or even door attendants. Plus, you’ll be closer to other people in case of an emergency.

6. Reserve funds and association fees. Although fees generally help pay for amenities and provide savings for future repairs, you will have to pay the fees agreed to by the condo board, whether or not you’re interested in the amenity or not.

7. Resale. The ease of selling your unit is more dependent on what else is for sale in your building, since units are usually fairly similar. Single-family homes usually are more individual.

8. Freedom. Although you have a vote, the rules of the condo association can affect your ability to use your property. For example, some condos prohibit home-based businesses. Others prohibit pets. Read the covenants, restrictions, and bylaws of the condo carefully before you make an offer.

9. Proximity. You’re much closer to your neighbors in a condo or town home. If possible, try to meet your closest prospective neighbors before a decision.


There are listing in each area
Mls numbers 1066071 and 1083820 which you should be able to pull up on the search feature on the various mls data bases or search through my website.

Keith Manson
First Weber Group
Certifeid Distressed Property Expert
Greenfield,Wisconsin

There are advantages and disadvantages to both condos and single family homes. It really depends on what your needs are. Condos are pretty much maintenance free - no yard work, snow shoveling, etc., but you have close neighbors and less privacy.

Single family homes require regular maintenance, but they also have a better resale value, and you can enjoy your own yard, etc. There are a lot of condos sitting on the market right now!

I checked into the availability of active condo listings in both Cobblestone and Cordgrass. I didn't see any in the Cobblestone development, but found a 2 bedroom, 2 bath, with a 2.5 car garage in Cordgrass for $299,900.

Just doing a preliminary search for active condo listings in Franklin with 3 bedrooms - I found 49 units ranging in price from $126,900 to $659,000.

I'd be happy to assist you in whichever direction you choose to go. Just let me know how I can help you!