Condo vs. house: There are many reasons people choose one over the other – but which is right for you? My wife, Ana, and I have owned and lived in seven houses and two condos in 15 years, and there were pros and cons at each. A few years ago, we owned a condo in Naples, Florida.
You may be looking at a town house, villa or condominium. The buyer usually pays association fees, which can range from $65 to $200 a month, to cover maintenance and other expenses. A condo buyer.
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Cost. As with all real estate costs, location determines the greatest portion of a condo or townhouse’s value, but there are many expenses to consider. HOA fees and what they cover should be taken into account, as should property taxes, any and all insurance expenses, and (especially in the case of a townhouse) home inspection
If you compare side to side, I think a condo is much more expensive than a house of similar size to maintain. I would hate to think of the condo fees associated with a 3,200 sq/ft condo. However, people usually buy smaller condos than houses so they are comparing a smaller condo to a bigger house.
Buying a condo vs. renting is a tough decision in much of the country. But condos do offer some advantages that rentals don’t: Rents continue to rise across the country. Buying a home with a.
Utility bills are higher in a single-family home than in a condo, too, since you’re responsible for more space. In condos, like apartments, residents outsource the heavy maintenance work. You’ll pay a fee, but you won’t have to shovel the drive or clear off fallen branches after a storm.
a condo with 704 square would include ma fees more likely of 400$. The house has a lot more square footage, so if divided in two and rented out ie basement apartment your expenses are reduced significantly. The house is appreciating way more then a condo in this marketplace, so your making much more money on your investment.
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Your first step to figuring out if a condo association’s fees make sense for you is to find d out exactly what the monthly cost is for your unit and exactly what services are covered under that cost.
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