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Benefits of Condominium Living The living in a condominium has many benefits. grand dunman condo are usually equipped with desirable amenities, such as fitness centers and swimming pools. The facilities, which are managed by the association that they belong to, can be a great asset. Condos are often more affordable in some areas than single family homes making homeownership much easier to reach. Condos also offer an enhanced sentiment of security and sense of belonging, since neighbors live within close proximity and many properties are equipped with security systems.