On average, condos are significantly cheaper when you compare it to single-family homes.

A condo can be more affordable, which makes investing less stressful and less intimidating for first-time homebuyers. On a broader note, owning a condo in larger cities is often a to-go investment and can be even cheaper than renting an apartment. The biggest barrier in real estate investing is the cost, usually when someone invests in real estate properties, they have to consider the costs that comes with it. In many cases, a condo can be the most affordable option that there is in the market.