Is it better to get a low-maintenance condo home or to take on the joys that come with owning your own home? There are many arguments when it comes to the condo vs. house debate, but there are going to be pros and cons to both.
Living in a condo vs a house is going to vary, with one offering you less property maintenance and less privacy compared to a home that offers you all of the privacy you could want but all of the maintenance is on you now. Take a look at some of the things to consider between a condo vs a house so that you can decide which one is right for you.
The maintenance will vary
One of the most obvious differences between a home and a condo is that you’re going to be dealing with a difference in the property maintenance. Condo living means that you get to own your own space without having to fix everything that goes wrong.
You’ve got the equity of home ownership while having the convenience of calling someone else to fix things that fall apart. You’ll also enjoy freedom on the weekends since the association will take care of your landscaping, your snow shoveling, and things like roof repair and repaint the exterior. Spend your time in the pool while someone else handles the hard labor.
When it comes to homeownership, the responsibility all falls on you. Not only does that mean your free time will be spent maintaining your property, but you’ll have to foot the bill too. You can pay someone to shovel and handle lawn maintenance, but either way, you’ll be spending the money for someone else to do it or for you to take the time away to do it along with the expense of the equipment. Anything that breaks is for you to handle in a home. Determining your priorities between having your own property to maintain and living somewhere where the duty isn’t yours is a big consideration in your decision.
Rules and social aspects
Don’t forget that condo living comes with condo association rules, but also more opportunities for socialization. Condo associations come with rules that you just don’t have to think about in a house, such as rules on loud music during certain hours, or rules on painting your balcony any color you want. In a regular house, you can do whatever you want unless you live in an HOA with specific regulations.
Condo living does give you the opportunity to meet people since you’ll have a well-maintained common space to get together, while house living means that you’ll have to make an effort to meet your neighbors and attend neighborhood social events. In an HOA, you will get the opportunity to join the board and become part of the decision-making process.
Outdoor space and entrance variances
You may like the idea of a condo because you don’t have a large to maintain and you can enjoy some fantastic views from a balcony. This is a huge perk to condo living but also may mean you are going to have to head up and down a high-rise every day to enjoy it. Consider if you want to have pets or children in a high-rise building or if you prefer to have a backyard with opportunities to grow a garden or to kick a ball around.
Do you like the idea of life in a house and your own outdoor space where you can enjoy creative control of the property, maintain it as you wish, and enjoy more privacy from the world, or a space that you can call your own while enjoying the freedom from maintenance, a better social experience, and perks like community spaces and beautiful balcony views? Consider which lifestyle would make the most sense for your family and makes you feel like the best version of yourself.