Single Family Home versus Condominium – Which is Better for You?

Single Family Home versus Condominium - Which is Better for You?If you’re considering making a move in the near future, it is possible that you are torn between whether to go with a single family structure or a condominium. There can certainly be pros and cons to either option – but, depending on your specific situation, one or the other could be a much better choice.

For example, on the condo side, these housing units can offer you a maintenance free lifestyle, as it is often the case that landscaping, snow removal, and other outdoor-related duties will fall to the condo association, not you. This can even include items like exterior painting and the installation of a new roof.

So, while you will typically have to pay a monthly condo fee, this type of living can really free up your time so that you are able to do other things. (It can also be beneficial if you are not considered handy when it comes of a long list of possible home repairs).

On the drawback side, though, with condos, these housing options may not always appreciate in value at the same rate of a single family home. One reason for this is because most or all of the units in a particular development are usually very similar – so, if there are several units for sale at the same time, it can be difficult to set your offering apart.

On the other side of the coin, while a single family home can require more of your time – and your wallet – when it comes to performing maintenance and other repairs, you will also have much more control over what you do with your yard and the home’s exterior features. Single family homes can also allow you much more privacy, as you are not quite as close to your neighbors.

Regardless of the type of structure you are leaning towards, it can always be beneficial to have an experienced real estate pro on your side. If you are considering the purchase of a new place to call home, working in conjunction with a good real estate professional can help to answer any questions that you have, as well as provide you with a roadmap of what to do going forward. For more information, Contact Us.

By | 2017-04-25T19:49:43+00:00 April 25th, 2017|Advice, Home Buying|

About the Author:

I grew up in the Bowie-Crofton area with my 3 other siblings. As the middle child, I have a natural talent for negotiating! I moved to the Annapolis area for several years after I graduated college, and I currently reside in Arnold with my wife, son, and daughter.