Moved to a city on job purpose and quite sure that you have to stay for longer period in the city say about more than 5 years then it is advised to buy a house or condo instead of renting. In case if you have decided to own a property and confused whether to go for a condo or a house then here are five key factors that one should consider before choosing a house or a condo.
1. Location
- Decide where you want to stay
- Research for condo and single-family house options in the locality
- Condos are widespread in the city
- Compare price of condos and house
2. Seclusion
- If you seek for privacy then single-family house is best
- Living in condos means living close to the neighbors so you cannot enjoy private outdoor space
3. Accountability
- Remodeling or revamping your condos involves neighbors as condo communities have strict rules
- While single-family homes are more lenient
4. Maintenance
- Condos include maintenance fees for landscaping and exterior
- Single home-owners will have to take care of any maintenance
5. Financial plan
- Your budget also plays a crucial part in making decision about buying a house or a condo
- Condos are more affordable than a single-family house
- So plan accordingly, as once you start your hunt for condos or single-family house you may get overstretched financially
