There are both benefits and drawbacks to buying either a Vancouver house or a condo. You may be torn between the two of them, depending on what stage you are at in your life. Here is a comparison between the two that may help you come to a decision.
Benefits of a Condo
One of the biggest advantages of buying a Vancouver condominium is the price. For the most part, a condo will cost a lot less than a house and for many it is an affordable option when a house is out of the question.
The other benefits of owning a Vancouver condo are the amenities provided by the association. Some condos come with a recreation room, swimming pool, athletic room etc. These are great for people that actually use them since they won't have to leave the grounds for their recreation.
Drawbacks of a condo
You will have to pay association fees when you own a condo and these will have to be added when you are working your budget and deciding what type of housing you can afford. Also, you'll be in a tightly knit community and won't have the same level of privacy as you would have in a house. If you don't get along with your neighbors, you are in a closer vicinity to them and it can lead to some awkward moments if you're both taking the same elevator.
One of the biggest drawbacks of owning a Vancouver condo is the lack of a private yard for people that would like one. This means that you won't have your own garden or place to sit and unwind by yourself.
Benefits of a house
A Vancouver house offers a lot more freedom than a condo. You are able to modify the house as you wish, as long as you stay within the bylaws. The inside of a condo cannot be renovated too much since there are strict rules about what can be changed and what must remain untouched.
You will have more privacy in your own home because your walls will not be attached to another person’s dwelling. This means that you will be able to be louder and will not have to worry about neighbor's complaints as much.
Drawbacks of a house
If you are a busy on-the-go type of person, a house is very time-consuming to maintain. You'll have your own yard, but along with this luxury is the work involved to keep it up.
A Vancouver house is also more expensive to maintain. Things break down and wear out over time and will need to be replaced. A roof, for instance, will need to be replaced or repaired down the road and this can be a major expense. If you live in a condo, however, your maintenance expenses will be minimal.
Hopefully you can see both of your options a little clearer now. While both of these Vancouver real estate choices are great, one will end up working better for you, depending what stage you are at in your life.
Contact Jark
Whether you’re buying or selling or just have a question – my team would love to hear from you! We are ready to look after any and all of your Real Estate needs, and will be in touch with you within 24 hours!
Jark Krysinski, REALTOR®, BA, ABR (Sept.)
REMAX Crest Realty Westside, 1428 W. 7th Ave., Van, BC, V6H 1C1.
DIRECT: 604.790.9945, OFFICE: 604.602.1111 x.147
TOLL FREE: 1.888.479.8999, FAX: 604.602.9191
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