Everyone has a dream of becoming a homeowner but none of them are prepared for the responsibility that comes with it. Now we are not saying that you should rent an apartment because that can get quite expensive real quick.
Neither are we saying that you should invest in a condo. Well, it’s actually your decision to make on which living option is the best. We are here to help you in the process.
Ask a homeowner about the pros of a house and he will happily tell you how fulfilling it is to have your own personal space.
Ask a condo owner and they will tell you all about the luxuries a condo offers. It’s really difficult to decide which option is the best because they are many factors involved such as money, maintenance, rules and regulations, location, etc.
So let’s have a look at the pros & and cons of buying a condo vs. a house:
Before we begin, here’s what you need to ask yourself: What is my lifestyle like?
Perhaps the biggest difference between a house and a condo is the availability of entertainment. Now a days, people don’t mind sharing common areas and empty nesters, as well as couples trying to save money are more attracted to condos.
Depending on the type of lifestyle you lead, whether you are ready to take on responsibilities or are looking for accommodations that put you in a convenient spot (not really care about privacy), these things will help you choose better.
Pros of Condos
State of the Art Features
When it comes to buying a house or a condo, we all want one thing: state of the art features. When you think about the price when considering the pros & and cons of buying a condo vs. a house, you will find that a house with state of the art features is extremely expensive.
On the other hand, a condo is already equipped with the latest amenities and you get that luxury feel of living in a 5-star hotel. This brings us to our second pro:
A house does not offer you facilities the kind you get at a condo. From spas to BBQ areas, clubhouses, tennis courts, swimming pools, jogging trials and recreational rooms… these are just some of the facilities that a condo offers.
Installing a swimming pool in your house is not a good investment. When the time will come to sell the house, the next buyer might not like this addition in the backyard and therefore, send a lowball offer.
Unless you install cameras outside your house and hire a security guard, you and your house needs to fend on your own. A condo building is highly secure. Even though both houses and condos are private properties, a condo is well guarded.
Condos are by definition luxurious. All high class condos come with concierge services. The bonus point here is that you can inform the person at desk about the problem you are facing, and the matter is usually resolved in a couple of days.
Admit it, we all shy away from maintenance and when you own a house, there’s no hiding from it. When you are living at a condo, there are no mowing lawns, replacing broken windows or raking leaves. All you are responsible for is your interior.
Cons of Condos
Now, let’s talk about the cons section of the pros & and cons of buying a condo vs. a house:
Living in a house gives you the privacy you need… no peeping toms that is. Since you are sharing all of the facilities, you get really up close and personal with your neighbors.
The noises through the adjoining walls can be very annoying. When living in a house, you don’t have to worry about such things. There’s a clear boundary around your house and no one is allows to trespass.
Condo Fees Generally Rises
Typically a condo is more expensive than a house but this might not hold true if the house has more rooms than a condo.
Setting aside this factor, let’s focus on the fees. After you are a homeowner, there is no fee involved (other than property taxes etc). However, if a new facility is introduced in the condo building, the fee for the maintenance and facilities will rise.
Big Brother Is Watching
In a house, you are free to make whatever changes you want. You can adopt as many pets as you want, you can make renovations and what not.
On the other hand, in a condo, there’s a big brother concept. You might not be allowed to keep more than one pet with you. There might be rule for smoking and late night partying.
A Condo Does Not Have a House Feel
A house tends to give you a sense of belonging. Condos have generally smaller rooms and the price increases significantly when you go for the big ones.
So there you have it… the pros & and cons of buying a condo vs. a house. Now based on this information, you can make your decision. If you are looking for more informational articles like this, then visit our website.
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