Wednesday, August 26, 2009

Condo vs. House- 5 Factors


A common question for first time buyers- Should I buy a house or a condo? Many factors should be considered in this important decision. Five main things should be considered before jumping into buying either one.

1. Location- Do you prefer living in the city center or in a more residential area?

2. Privacy- Do close neighbors bother you or do you find it a comfort?

3. Responsibility- Do you want to be independent, or have a group of neighbors to discuss problems and decisions regarding the property?


4. Maintenance- Do you love having a landlord to call when anything goes wrong? Do you like working in the yard?

5. Budget- Depending on the area, there can be a big difference in the cost of a condo vs. a house, in square feet, in maintenance, in upgrades, and don't forget HOA fees!

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