Ryan Gillen - Real Estate Consultant

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Which is Best for You: A Condo or a Single Family Home?

Did you know that condominiums are one of the fastest growing segments of the housing market? Owning a condo is perfect for those with busy lifestyles, little interest in home maintenance or landscaping chores or who frequently travel. Condos are a fine choice for a first home or when downsizing from a larger house.

 

Here are some pros and cons to consider:

 

Condo:

·         Fewer maintenance requirements.

·         Usually less expensive than a single family home.

·         You own the space inside the walls.

·         There can be more security with neighbors close by.

·         The exterior of the building, landscaping, surrounding roads and driveways, and common areas all owned by the condo association, a group made up of all unit owners.

·         Special assessments by the association for painting or repairs can be a substantial added expense.

 

Single family home:

·         Usually offers more storage space.

·         You own the interior as well as the exterior.

·         You are responsible for all maintenance, landscaping and repairs.

·         You usually don’t have to pay community dues or special assessments.

·         You have room to grow plants, flowers, trees, veggies, etc.

 

Think about how your household may change over the next few years. Will you still need a larger home or will you have enough space in a condo? Or would you be happier in a smaller house with room for a garden?

 

For more information about real estate options in our market, call or email me. I’d be happy to provide you with that info via email or I can show you what is available.
 
 
 
Thanks,
 
Ryan Gillen
 
7807008355
 
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