In your search for a home, are you interested in buying a condo or house? How do you know which is better for you?
There are tradeoffs to each. Buying a condo or house comes down to your lifestyle requirements and the property characteristics. A common complaint with condos is the HOA dues that can be pricey and seem to pile on top of the price you thought you were going to pay for your home. But with these dues come the security of knowing that many basic maintenence issues will be taken care of, and your home will almost always look and function the way it's supposed to. A freestanding home does not offer this security.
When deciding on buying a condo or house, there are a few key questions to ask yourself:
1. Do you want to live in an area that is uniformly maintained? Or do you prefer to let your neighbors express their creativity in their lawn and home maintenence?
2. Are you willing to be part of the community decision process (attending HOA meetings)?
3. How much privacy do you need?
4. Do you have the budget for big ticket repairs on a single family home?
5. Do you want access to amenities such as pools, parks and community centers?
In the end, buying a Condo or House is a personal decision and it's important to understand your values and priorities. Knowing what you want will help your Real Estate Agent find you the perfect home and will ensure that you are satisfied for years to come.
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