Here are the main differences between owning a single-family home and a condo.
All homeownership is awesome, but if you’re trying to decide whether to buy a condo or a single-family home, here’s a quick breakdown of the main perks of each option.
Owning a condo means…
- You’ll pay a lower price than you would for a single-family home
- You won’t have to do any outdoor repairs—the HOA handles that
- You’ll have access to parks, pools, spas, game rooms, tennis courts, and grassy areas for dogs and kids to play around in
- Complexes vary in size from small (4-unit) to large (100-unit) buildings
- Your HOA will hire a management company to take care of any maintenance needs
- You’re usually within walking distance of a downtown area
Owning a single-family home means…
- You get to have a front and back yard
- Usually, you don’t have to deal with an HOA, so you can do whatever you want with your property—build a pool, plant an herb garden, etc.
- You don’t have to share walls with your neighbors
- You have room to grow into your house (which is why our clients typically stay in homes longer than they stay in condos)
No matter what your real estate goals are, I’d love to help you achieve them. If you have questions about this or any other real estate topic, don’t hesitate to reach out to me. I look forward to hearing from you.