A condo, short for condominium, is a private unit within a larger building or complex, offering ownership of the interior space while shared ownership of common areas like hallways, pools, and gyms. Condos provide a blend of private living with the benefits of community amenities. They are often more affordable than single-family homes and come with lower maintenance responsibilities, as exterior upkeep is handled by a homeowners association (HOA). Condos are ideal for those who want a secure, low-maintenance lifestyle in urban or desirable locations. They offer a sense of community while providing privacy within the unit.