A lot of people usually prefer condominiums because they’re not ready to build or start a house yet. This is mostly true to those single adults or those who’ve just started with their relationships. Condominiums aren’t as expensive as buying a house and lot right away, and as small families would need to stay somewhere between the time period that they save for a house, then condos are the second choice.
So far, condominiums are classified into leaseholds and freeholds, in which the main difference is the number of years you own them: leaseholds for the number of years stated in the contract like 30, 60, or 99 years, while freeholds basically means forever, as long as no problems arise.