So, you’ve decided it’s time to purchase a new home. This can be one of the most exciting decisions you make in your life—but where should you start? From an apartment vs a condo vs a house, the choice is yours. A condo and a home each have different pros and cons. This blog post will outline the best things about living in a home and a condo so you can make the best choice for your lifestyle and future goals.
When purchasing a new home, many buyers choose between a condominium and a traditional house. Of course, the location is a huge factor for most people. If you prefer a large yard with a lot of space, a house may be best for you. A condo typically comes with more amenities than a single-family home and residents can also take advantage of a portion of the common areas of the condo building. Of course, there are advantages and disadvantages to both options, and cost and lifestyle will typically determine which one is right for you, especially if you’re a first-time homebuyer, considering a condo vs house in retirement or a condo vs a house for a family or a condo vs a house for a single person. This post will break it down so you can feel confident in your decision to purchase your next forever home.
What Are the Benefits of Buying a Condo?
One of the biggest draws of condo living is the resort-like amenities that typically come with being a condo owner. These include swimming pools, tennis courts, golf courses, parks, nature trails and fitness centers. And for busy residents, these perks make for a more convenient and low home maintenance lifestyle. If you decide to purchase a single-family house, you’ll have to drive to public facilities in order to take advantage of these condo life amenities. However, many people would rather opt to have them readily available in their own backyard.
When comparing a condo vs a house, you tend to get more bang for your buck when it comes to interior features if you opt to purchase a condo over a traditional single-family home. Newer condos often come with state-of-the-art features and open floor plans. If you prefer stainless steel appliances and granite countertops, chances are good you’ll find these upgrades in a condo unit.
Another perk of living in a condo is that you don’t have to worry about maintaining the exterior of your home or yard. Condominiums often feature manicured grounds, clubhouses, barbeque grills and other outside common areas. You also don’t have to maintain a pool and spa, which is another huge plus. When it comes to condo vs house living, you can enjoy all of these luxuries without having to lift a finger. This is especially helpful if you’re going to be living on your own. You don’t have to stress about exterior upkeep at all. No landscaping, no exterior painting, no pressure washing the driveway. The list goes on.
Many condo complexes also offer another level of security. Many Southwest Florida condos are equipped with a gate, guards and other security systems.
More Camaraderie with Neighbors
Another advantage of condo ownership is they have more common areas and they are much closer together than single-family homes scattered throughout a neighborhood. This makes it much easier to meet people. This is especially important if you’re new to the area and you want to make friends. It’ll be easier to interact with your neighbors and there are more chances to meet other members of the community at the pool, clubhouse or gym. Condos also tend to have more social events for their residents.
What Are the Benefits of Buying a House?
One major difference between a condo vs a house is that living in a condo comes with association fees. These are collected outside of your monthly mortgage payment and used toward amenities and exterior maintenance. Single-family homes in some neighborhoods also have homeowners association (HOA) fees, but they tend to be more prevalent in condominiums.
When it comes to customizing your home and making it more unique, this is easier to do if you own a home. If you want to remodel your property, expand or make any type of change, you don’t need to get anyone’s approval unless you’re dealing with an HOA and HOA rules. Even then, compared to a condo, you’ll still have more control. You may have to follow certain guidelines, but with a home, you do have the ability to paint the exterior, change the landscaping, and more.
More Space and Privacy
Homes tend to offer more space and privacy than a condo as homes don’t typically share walls with each other. They tend to feature more storage space in closets, hallways, attics, large lanais and stairwells. Single-family homes also have private yards for your children to play in and for your pets to run around in and explore. If you like gardening, this also gives you more room to grow the types of herbs, flowers and vegetables you want. If you want to build a pool, you can. Look forward to those backyard parties when the weather is nice, too. Single-family homes also give you more privacy as neighbors don't live as close to you as they do in condominiums.
A House May Be Easier to Sell
Another advantage of buying a home is they tend to be easier to sell than a condo as individual homes are typically more unique and have different features from their neighbors. Condo units all tend to look the same on the outside and have the same floor plan. Sometimes the only differences are the views and where they’re located within the complex. With a condo vs a house, one home may have a bigger backyard where the kids and Fido can play. One may have a more spacious lanai, and the list goes on. If you’re looking for a specific feature, chances are higher that you’ll find it in a house vs a condo. However, there are some more things to consider when purchasing a home. For example, if you have your mind set on a bigger backyard, you’ll also have to maintain it and spend time taking care of the landscaping.
More Architectural Options
This last point ties in with the fact that a house is likely going to be easier to sell. Many condos are laid out the same way and look almost identical on the outside. This is not the case for most single-family homes. If you’re looking for a specific style of home, whether it’s a colonial, Cape Cod, Mediterranean, or something more contemporary, you’ll have better luck finding something specific in a house vs a condo. Houses also have more bonus features like garages, pools and decks. A house allows you more freedom to make decorating and home improvement decisions.
Condo Vs House? Royal Shell Can Help You Find Your Next Dream Home
Now that you know what to expect when it comes to a condo vs a house, we hope it’s a little easier for you to make your decision. If you still have questions, our Royal Shell real estate agents are happy to point you in the right direction.
If you are considering a condo vs house investment and trying to decide between owning a condo or house rental, we are also a vacation rental management company and we can help you determine which option is right for you. We can’t wait to help you find your next home!