A condominium, often called a condo, is a type of housing where individuals own their specific unit within a larger building or complex. Unlike traditional homes, condo owners share common areas, such as pools, gyms, and gardens, which are maintained by a homeowners' association (HOA). This setup allows for a community living experience while providing the benefits of homeownership. Living in a condominium can be appealing for many people, especially those who prefer low-maintenance lifestyles. The HOA typically handles repairs and upkeep of shared spaces, allowing residents to enjoy amenities without the hassle of individual maintenance. This makes condos popular among young professionals and retirees.