What is one disadvantage of a property being taken under condominium ownership?

One significant disadvantage of a property being taken under condominium ownership is the aspect of less privacy and control. In a condominium setting, individual ownership is limited to the interiors of the units, while common areas and amenities are jointly owned by all condominium owners and managed by a homeowners association (HOA). This shared ownership can lead to a situation where decisions made by the HOA affect all residents, sometimes in ways that may not align with an individual owner's preferences.

For example, rules regarding noise, alterations to the unit, and the use of shared spaces must be adhered to by all residents. This can limit personal freedom and the ability to make choices about one’s own property when compared to single-family home ownership, where homeowners have more autonomy over their property without having to consider the opinions or rules set forth by a governing body. The sense of community in a condominium can enhance companionship among residents, but it can also create disputes or dissatisfaction when personal preferences conflict with the collective rules or decisions.