Condo vs House – which one is right for you?

When buying a home, there are a lot of decisions to make. Location, Size, Cost, Must-haves and perhaps most importantly, what type of home.

Townhome Condo, Highrise Condo or Detached House?

Buying a home is likely the biggest financial purchase you will ever make and it is a difficult decision to make, especially with so many variables to consider.

My suggestion is to make a list of your “Must-Have’s”

How much do you value a yard? Or do you prefer someone else to do your outdoor maintenance?

Do you value the security of a building, being up higher or having a view?

Are you a handy-person and like to have your own workshop and lots of storage space?

Will you need a space to grow into or are you in the stage of life where down-sizing is what you’re after?

Really getting clear on what you’re looking for will help narrow your search.

You may surprise yourself by thinking you know exactly what you’re after until your search has begun and in fact other things you may never have thought were important to you could come up.

Here is a very basic breakdown of some differences between the two:

Houses

• Your private yard
• You are responsible for your own maintenance
• No condo fees
• Insurance is your responsibility
• You can do whatever you’d like to your property inside and out

Condos

• Monthly condo fees. These fees usually include water, snow removal, landscaping, exterior maintenance as well as upkeep of amenities like a gym or pool.
• Exterior and building insurance
• Inside your condo, you are usually free to do what you like (except structural). You will most likely need permission for anything exterior ie. painting your front door, shutters or sometimes even having a doormat

Whatever our preference, we will be happy to help you find just what you are looking for!

Our team of real estate sales professionals is committed to finding you, your dream home. Whether you’re looking to buy or sell, the Karen Paul team is here to help with any questions.