If you came into a large amount of money, would you buy a house or condo?

Answer 1

I'd buy neither, I'd find some property with streams or water passing and build later.

Answer 2

It depends on how much you can afford to keep it up and taxes with insurance at the end of the year.

House = mowing lawns, keeping the outside clean, etc (a lot more chores).
But you get more room. So if you have kids. House.

If you are buy yourself get a condo.
Condo = paying fees but someone else takes care of the grounds for you.

Answer 3

Not sure where you live, but around here even nice condos are notoriously hard to resell. Even though real estate has been booming the last few years, a friend of mine just sold a condo for $30k less than he paid for it 5 years ago. Buy a house, but NOT a NEW house.

Answer 4

if it was a large amount I would buy a condo in the city, house in the country. Only enough to buy one, the house

Answer 5

It depends on what market you are in and if you plan on living in it or not. Personally I would buy a house. Having my own land is very rewarding. You have more responsibility with taking care of the maintenance but that is more rewarding than dealing with a homeowners assoctiation and paying dues for someone else to do a lack luster job. Plus you don't have to worry quite so much about your neighbor's lifestyles.

Answer 6

Condo. That way someone else would be responsible for the maintenance and all the yard work that I would not be able to do for lack of time enjoying the rest of the money that I got.

Answer 7

I'd buy a house, condo's don't appreciate fast enough and there is always some jerk who weighs 600 lbs that lives above you and walks the floor all night.

Answer 8

Depends on what you consider a large amount of money

Answer 9

It may depend on where it's located, but right off the top of my head I'd say a house. That's the only true way to have privacy when you want it!

Answer 10

house