Condos or House

[marieelissa]

I want to get a condo. I don't want to get a house. How many people have condos on here? I think these are nice.

[eveliseh]

I doesn't matter condo or house as long as you like the place and feel like  you're home... You have to fall in love with it.
I like a bright sunny place, we live in a townhouse which is small but gets a lot of sun and I love it 

[ninajay]

I would love either... I hate living in apartments.

[purplerush44]

Condos can be nice.

We have a house, and it is a pain to have to shovel snow
and rake leaves all the time.
On the flip side, we have no neighbors beside us or above us making
all sorts of noise at night.

So it can go either way, it's all in your preference.

[bigedshult]

it depens on how long u want to stay there a condo don't appreat as much as the house dose and ahouse u have more privece thand condo.

[dodgers16]

 I have never lived in a condo, it has always seemed like a cool place to live. But I cant see it being better than a house

[queenofnines]

Those are really pretty, marie.  I like how they shift in pastel colors; it reminds me of the city of Burano when I was in Italy, where all of the houses are like that.

I think there are some real cons of not having your own place and being attached to others.  Noisy neighbors and B.S. apartment operations to name a few.  However, committing to a house keeps you in one place for the rest of your life, and that ain't good, either.

[ladydi770]

I doesn't matter condo or house as long as you like the place and feel like  you're home... You have to fall in love with it.
I like a bright sunny place, we live in a townhouse which is small but gets a lot of sun and I love it 

I DEFINETLY PREFER A CONDO, ESPECIALLY IF IT IS NEAR THE BEACH!! BUT

[o2bnocn]

Good luck in your condo. I hope that you love it. I would prefer a hose, but I think that is because I live in a small place right now. Plus I would like my privacy.

[monnee]

Condos are great for 1 or 2 people.  But if you have a family, a house would be a lot better.

[kapeh12]

When I was looking to buy, I started out looking at condos, but the more I researched, I ended up getting a single-family house (stand alone).

Whatever you choose to buy, be sure it's someplace that feels like home to you - then you know it's the right place.  There are advantages to condos (less maintenance, etc), but there are cons as well.  Most condos have a monthly maintenance fee you pay on top of your mortgage - be sure when planning your price range to keep that amount in mind as an extra expense.  Research condo fees for your area to see if the fees at the place you are looking is normal (not too high or too low).

Other things to keep in mind, if you are planning to only stay there a few years then move - in general, condos have a lower re-sale compared with houses, so don't expect a big return.  Plus houses are typically more in demand vs condos.  This of course is a generality - there are probably areas due to the demographics that may even the playing field - again, do your research if your plan is a short stay.

Another tip I got from my mortgage lender is when it comes to condos, there is extra paperwork that goes into the mortgage.  They need to research things like the condo's maintenance fund, emergency funds, percentage of the condo establishment that is sold.  If they find the condo you want to live in has a low percentage of the units filled, it may cause issues with your mortgage.  If you have your heart set on a condo - talk to your mortgage lender early so they can get working on the extras so you don't end up missing your offer due to the lender denying it.


Good luck with your search - hope you find the right place to call home!

[ktheodos]

i think it depends on where you are in your life......each might be ideal at different times!

[Investing24]

They both have advantages.  If you don't like yard work, I would say a condo is the way to go