Do you think it's better to buy a condo or a house?

Answer 1

It really depends on what is important to you. If you don't like the thought of neighbors one wall away and you want your own garden, then a condo might not be for you. I have a condo and love it. For a house the same size I would have had to pay A LOT more money, and the available single family homes were not in as good a condition. A condo is sometimes the only way people can afford to break into the housing market. It depends on the market where you live, but sometimes condo values don't appreciate as quickly - so that is a consideration for re-sale. Also, if you find a condo you like, check the bylaws. When you are done living there, you may want to use it as an investment property and rent it. Some associations do not allow this however, so do your homework. Find a good Realtor to help you out. Another tip for resale - try to find a condo that is a little different from the others out there. Once you begin looking, you'll probably notice a lot of them that look EXACTLY the same. If you look for a while and go for something that is in some way unique, it will probably be easier to re-sell later. That could be anything from a great view to a different floor plan. Good luck!

Answer 2

Please if you have the money for a house please do that. Condos are nothing more than a glorified apartment... An apartment that you could get stuck not being able to sell... An apartment with noisy people all around you !
No privacy, noisy, nosy neighbors.. No yard to enjoy. Can't really do what you want without breaking rules or annoying somebody. Trust me you will be annoyed and unhappy with a Condo. Within a short time you will want to sell and get a house. Skip the Condo step and go for a house!
ANY HOUSE IS BETTER THAN A CONDO !

Answer 3

Totally depends on your budget and your preferences. If you buy a condo, your neighbors will share walls, or perhaps even a ceiling/floor with you. Condos are like glorified apartment buildings. You will pay fees to the condo management org, some charges are for grounds maintenance, roof maintenance, etc. Need to check what all the fees are and ask what they cover. Find out what YOU are responsible for on the other side of that coin. When you buy a house, you are buying a piece of land and your dwelling, and other than local city and county ordinances, what you do with it is your business. And, you are responsible for ALL the $$ for whatever you do. For some things, improvements and the like, you may need to obtain various permits, or find a contractor who can easily get them. The contractor will, in turn, charge back the permit fees to you. Lotsa things to consider. No easy answer. When you begin to get more information, my advice would be to do like my mother always said, get an 8 1/2 x 14 legal size tablet of yellow paper; write Condo on one side, and House, on the other. Make two columns under Condo and write Pros and Cons....make two columns under House and write Pros and Cons....and begin to make a list. Soon it will be self-evident which is going to work best for you. Bottom line is, it is YOUR decision, and YOU have to put the effort into the making of that decision. Talk to a realtor, also, and tell them what your questions, and your preferences, and your budget are. They will help you. That's how they earn THEIR living!

Answer 4

A house... a condo is just a glorified word for apartment. I live in Las Vegas, where they have changed a HUGE majority of the apartment complexes to "condos". I have a friend right now paying $1600.00/mo. in mortgage on a condo.... which is just an apartment. I would rather have my own space and capability of doing upgrades, changes, or even throw parties without the consent of an HOA... which you can not get if you buy a condo.

Answer 5

It depend on you. A house requires lesss maintenance but it will require a condo association fee. If you're a handy person and can fix a bunch of stuff yourself than a condo would be fine. If you want room for pets and kids and stuff, then a house would be better for you. A house will probably make more equity. A condo is ideal for a single person or a couple who want no children.

Answer 6

Totally a house! Houses have more space, and the neighbours aren't so close! The neighbours in Condos might have lots of children and be very loud!

Answer 7

That would depend on the area you are looking to buy in. If condos easily sell in that area, then buying a condo would be alright. Again though it depends on what you are looking for. Do you want a yard of your own and all the maintenance that comes with it? Do you want a lot privacy?

Answer 8

Buy a house. Then have someone walk on your roof with heavy shoes. And have another person in your basement hitting the ceiling with a broomstick. Then have all your neighbors tell you that you can't hang that decoration on your door, cook anything with heavy spices or have any overnight guests park on your property without their permission.

There, now you're living condo-style!

Answer 9

House. A condo is just a right to a rectangle of air, in the final analysis. Oh, and also the right to listen to the hot air of your condo association's activists.

Answer 10

That is like asking "I want to buy a car, which one is the best?"

It all depends on your needs, your lifestyle, your budget, and your expectations. Condos can have expensive monthly fees tacked onto a mortgage, houses can have super expensive repair and maintinance bills as the property ages.

Your best bet is to work with a Realtor and they will help you make that determination. Good Luck!