Should I be against condos in an established neighborhood?

Asked September 9, 2013, 5:08 PM EDT

How does having condos in an established country neighborhood affect property taxes, property values and long term life?

Wilson County Tennessee

1 Response

Condominium is a form of ownership where owners own a share of the common elements in a development such as open space or recreation facilities. As such, it should have no effect on property taxes. Property values are based on amenities found within the property such as size, number of bedrooms, construction quality, etc. Long term life is usually a result of construction quality and maintenance and not dependent on ownership structure.