Condo or House - Which Is Right For You?

 
For a large majority of first time home buyers, the burning question is what do I choose condo or house? There are some major differences and some subtle difference between the two of these which should be taken into consideration when looking to make a purchase. Financial situation, work situation and family situation are all major factors in choosing a new home and all factors that could make the choice even more difficult.

The type of budget a person has and the type of lifestyle they are looking for are large determining factors when deciding between the two. An apartment type accommodation will usually be found in the city which will be local to all amenities such as city buses and shopping centers. A house will typical be on the outskirts of the city which could mean longer daily commutes which are getting longer and longer every year.

As well as the obvious benefit of a condo being ideally located for convenience, the cost of living here is usually cheaper. Which is one of the main considerations in a condo versus a house. It can work out to be slightly more expensive to purchase an apartment in the towns and cities, but the maintenance fees will also work out cheaper too. Many of the repairs and issues that crop up will be handled by an external contractor whose fees will be covered by a monthly maintenance that you will pay.

If you are a very social person then apartment type homes is very suitable for you. Not only are they generally situated close to the bars and restaurants, but because you are living in such close proximity with lots of other potentially like minded people it will be easy to get social with the neighbours. For those working long hours in the city then this type of accommodation will be ideal for saving on traveling time.

Houses offer a more quite, family orientated environment. This is typically the next move up from an apartment. Houses offer a lot more privacy and more space so it is well suited to couples who are looking to raise a family. Here you will most likely have a lot more responsibility and financial issues to consider.

Unlike an apartment complex, you will have responsibility for all the maintenance that needs to be carried out. You do however get the freedom to make structural and decorative freedom which does not come easy when living in an apartment. Things like having a garden and a driveway for your car are also huge advantages.

Another thing to consider is the price difference between the two. Typically, you can get more for your money when buying a home on the outskirts of the city. You will find that the extra paid for some apartments in the city is simply because of the convenience of such a property.

Longer traveling times is usually an issue when weighing up the condo versus house dilemma, but many people find that living on the outskirts of town with the added space and arguably, better scenery is worth the extra traveling time. For some the convenience of a city apartment is just ideal for their busy lifestyle.

Adam Humenuik
www.SaskRealEstatePro.com