Condo vs house, the debate continues. There are advantages and disadvantages to both. It is often difficult to make a choice, but here are some things you may want to consider, before doing so.

The first thing to consider is price. Although many condominiums are relatively less than houses, there are also association fees to think about. Some houses; however, are located in neighborhoods that also manage a \”community budget\”. The bottom line is, make sure that the amount to be mortgaged; as well as any additional fees associated with the property, add up to a number that works with your budget.

Many people enjoy privacy; whereas, others may prefer a more social environment. Some houses are located in communities that offer the social aspect, but condo owner still generally seem to have a closer relationship with their neighbors. Sometimes; in fact, that can become too close. Take into consideration the fact that if your neighbor has children, pets, or enjoys loud music; those condominium walls are only so thick.

Most condominiums have a variety of amenities available to the owner that houses may not offer: swimming pools, playgrounds, gyms, meeting rooms and more. A lot of housing developers are starting to recognize this fact and have started developing communities that offer the same benefits that have been a selling point for condo builders for years. So, if amenities are the only thing holding you back from making a decision, don\’t automatically assume condominiums are the way to go. Your options have now expanded.

Maintaining a home can be a big job. No doubt about it, condominiums come with a lot less maintenance responsibilities. However, because this is usually built into the association fees, you may want to at least take the time to consider what is included in those fees vs. What you may have to pay for the same services if you choose to purchase a house.

The freedom to personalize your space, indoors and outdoors, has always been a huge advantage for home owners. Although condominium owners can express themselves on the inside, the outside of their home is generally landscaped and maintained by hired hands, and the basic structure of the condo cannot be changed or altered. If the owner of a house decides he or she would like to add onto the front porch, or even add a deck, they have the freedom to so.

Although, these are the general arguments for making a choice between a condominium or a house, it sometimes simply comes down to a person\’s individual situation at the time of purchase. While some may prefer the some of the luxuries a house can offer, they may also be in a situation where they do not have the time or ability to maintain a home. Timing is everything.

The condo vs house debate will likely continue, as there are always individuals that prefer one over the other. When trying to make a decision, taking the points made by others into consideration is always a good idea. The more informed you are the better. However, don\’t forget to factor in your individual preferences and current circumstances.

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Category: Real Estate
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