Should I Buy a Condo or a House?

Should I Buy a Condo?You know you need to make a home purchase, but you are unsure of a house or a condo. There are compelling reasons to buy for both as well as detracting factors. Give them all some thought beforehand.

Condo living can be more carefree since much of the maintenance is taken care of by the governing homeowner’s association. If you don’t want to take care of a yard but still want some gardening space, you can usually find that with a condo. Condos come in all sizes, so whether you are a single or a small family, you should be able to find something. You will usually pay less for a condo, too, so if you are on a budget, a condo will seem very attractive. If you outgrow your condo, it would be fairly easy to keep the condo and lease it out, turning it into a great investment property. On the downside, since these are multi-family homes, your neighbors are in closer proximity to you, so noise and odors that you may find objectionable will be hard to escape. The Homeowner’s Association may have rules that might not fit your lifestyle or that you find too restrictive. And storage space can be tight.

huntington beach condoSingle family homes usually have much more space in general. You are usually freer to customize your home if you desire. You may find more privacy with a single family home. Lower or fewer association fees and rules are attached to your property. When going to purchase, you usually have more choices with single family homes. However, usually all the maintenance is up to you, the homeowner. It may be harder to keep as an investment if you need to move.

So consider your budget, how you live and where you want to live if yo are lucky enough to be able to choose between house or condo. And call me so I can help you with the process!

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