It has often been said that purchasing a home is a part of living the American dream. But unfortunately, if you commit to the wrong type of residence for your needs – especially for the long term – the dream could quickly turn into a nightmare. With that in mind, it is important to compare your options, particularly as it pertains to the question of whether a single family home or a condo would fit your situation the best.
For instance, there are a number of nice perks that are associated with condo living, such as:
- No (or very few) exterior maintenance and repair requirements – including yard work, painting, and cleaning out the gutters. This can provide you with more free time to enjoy doing other things.
- Amenities. Most condominium developments offer a long list of amenities that may be used by residents and their guests. These can include tennis courts, swimming pools, and on-site workout facilities.
Given that, condo living can also require you to reside relatively close to your neighbors. In addition, while it’s not up to you to keep the grass cut or the hedges trimmed, you essentially end up paying for these services by way of a monthly condo fee.
Single family homes can also have a number of benefits. First and foremost, you have a lot more leeway in terms of modifications that you can make. In addition, individual homes can provide you with:
- Room to grow or expand by adding on or re-configuring your current floorplan in order to fit your specific needs.
- More privacy – as you are not typically as close to your neighbors as you are in a condo.
- Ability to sell more quickly when the time comes.
If you’re in the process of planning to move, but you still aren’t sure whether a single family home or a condo would be best for you, give us a call and we’ll help you to narrow down the best option and location to fit your lifestyle.