House vs condo

Sometimes, people have doubts to choose the right option. In this article we would like to show you some differences between house vs condo. When it comes to buying a condo or home, you need to decide what property you’re happy to live in, as well as what you can afford in the near future. Remember that you will decide according to your needs.

House

• You are responsible to maintain the house since you are the owner.
• You have the control over the renovations.
• They offer more space since it has basements and/or garages.
• They often have outdoor space, be it a front yard or a backyard or both.
• Give you your own privacy.
• Freedom to repair but it was more expensive.
• More potential for asset growth.

 

Condo

• A condo does not require much maintenance as most of the part is done by the building management.
• Easier to maintain and manage.
• Do renovations are more limited.
• They often have access to some amenities like gyms and pools.
• Concierge services.
• Security.
• Limited interior space.
• Living close to other people.
• Smaller potential for asset growth

When deciding whether a condo or a house is right for you, think about your priorities, goals, your budget, and what you want life to be like in your new home. Both condos and houses can be excellent investments

Sources:

https://askanydifference.com/difference-between-a-house-and-a-condo/

Buying a Condo vs. House: Scott McGillivray Weighs the Pros and Cons

https://www.ratehub.ca/blog/should-my-first-home-be-a-house-or-condo/

Images via Pinterest

@Aswin Guntupalli,

ewchomeservices.com