CONDOS VS HOUSES

Many people assume the difference between finding the best condo buildings and a house is that one has a yard and one typically does not. There is much more to it than just that, and it is important to know all of the factors when deciding on which one to buy. Another area people can get confused about is the difference between a townhouse style and an apartment style. Both of these fall under “condominium” as that is a TYPE of ownership. Townhouses and apartments refer to the style of the home.

What is best for you?

This is a question that only you can answer, but one that some people don’t think about long enough before answering. The answer really comes down to your lifestyle, and your wants and needs.

If you have a large family and want a yard with space for them to use freely, then a condo probably isn’t for you. If you really enjoy your space, privacy, and having absolute control over all the decisions that affect your home, a condo probably isn’t for you.

If you live a busy life and would like to simplify your living arrangements by having virtually no yard work or snow removal, then a condo may be what you’re looking for. If you’re looking to downsize after owning a large home, but aren’t quite ready to give up the comforts a home provides, a bungalow-style condo may be what you are after.

If you are a first-time home buyer and owning a house and all that goes with it seems intimidating, a condo is probably a good step to get into the market. You can always move into a house when you and your lifestyle demand it.

Both houses and the best condo buildings afford tons of different styles and options.

Traditionally the real estate market was primarily driven by houses. Over the years, we are starting to see this change. The demand for condos has risen, and as a result, new condo developments are abundant.  There are a variety of different styles of condos, each with its own benefits.

Apartment-style condos are for those who generally need less space and don’t mind the atmosphere of an apartment-style living situation. They generally either have underground, secure parking, or outdoor parking available to the owners.

Townhouses are geared towards people who need a bit more space with a bit more privacy. There are quite a few townhouses available with single-car garages but just as many without. The next step up is a bungalow-style condo which gives people in most cases as much room as a home but with less exterior maintenance.

Both types of ownership are great investments.

If you are looking at a condo it is important to familiarize yourself with the condo board and how they operate. Find out what you as a homeowner are responsible for. As our real estate market continues to grow, so does the need for affordable housing, and condos are a great first step.