You and your significant other have agreed that it is time to look for a new home, but then your spouse throws a monkey wrench into the plans by suggesting that you two consider a condo over a house. It is definitely worth considering as it is smart to explore all of your options before making a final decision while house hunting. There are several differences between houses and condos that can make one choice the right one for you.
If You Shop Right, You Can Find Condos That Cost Less Than Houses
In general, the median price of a condo in the United States is slightly less than a house. Some people may argue that monthly fees for a condo bring the price up, but shopping around can help you to find a reasonably priced condo with reasonable monthly fees. Remember that monthly fees can cover expenses such as water service, sewage, garbage removal, property maintenance, and even insurance. In the end, the monthly fees on a condo could wind up costing less than the same fees with a house.
The Amenities Are There
With most condos, you get amenities such as an in-ground pool, health club, movie theater, beauty salon, and other services on-site at no extra charge. No matter how you compare it, having all of those amenities rolled into your costs is going to save you a lot of money and give you access to amenities you might not have otherwise been able to afford.
Condos Have Rules, Homes Do Not
When you buy a condo, you are immediately handed a long list of rules that you have to follow that can be very invasive. These rules might include restrictions on any remodeling you might want to do (which would include something as simple as painting your kitchen wall), the hours and days you can have guests, the kind of guests you can have, how you must keep your condo, and other rules that can make you regret your purchase after a while.
The only rules your home has are the ones you and society give it. You are definitely more in charge of your own life when you own your own home, and you have all of the say in how your home looks and is maintained.
Privacy Is Limited In Condos
A condo, for all intents and purposes, is a luxurious apartment that is situated among other apartments and can have very limited privacy. Unlike a home where you have complete privacy, you might find yourself becoming an expert in the next door neighbor’s marital problems, or you might have an issue with how much access the rest of the condo seems to have to your bathroom window.
Many people like condos because life can generally be easier and carefree in a condo. If you shop around, you may be able to find a condo with great pricing and a list of rules that you can deal with. But if you cannot find the perfect condo, then you always have the option of buying a home for you and your family.