Many first time buyers often have the dilemma of working out a condo vs house. There are so many factors to consider when trying to choose between the two that it can take some time to decide which is best. There are big differences between the two that will have to be taken into consideration to make sure that you make the ideal choice. Cost, family and work circumstances are key influences in making this decision.

The first thing to decide is how much money you have available to buy a home. After that you should consider the type of lifestyle you would like to have. A home in an apartment will generally be found in and around towns and cities. They will be ideally located to things such as supermarkets, bus stops and places of work. Whereas houses will most likely be found a little further away from the town or city and will require a little more travelling to get to the local amenities.

A condo has the obvious benefit of been suitably located for accessibility to a number of essentials, and will usually be slightly cheaper to run. Finances is obviously a major factor when weighing up a house vs condo. The price of an apartment varies greatly but can end up initially costing more, money can be saved in the long run though through travel costs and maintenance fees which usually work out cheaper. Maintenance will generally be covered by a low monthly payment which cover most things that can go wrong in your home.

Apartments are ideal for those who are the social type. There usually situated close to social venues such as clubs and bars, but the living environment is also well suited for social interaction. This is because of how close people will generally be living together and they will most likely be of a social mind also. People working in offices or shops also find this very convenient because of the ease of travelling.

Houses will be very much suited to families. Many people aim to move from an apartment to a house once they reach a certain point in life. They offer more space and you can generally lead a more private life if you so wish. There is a lot more financial responsibility involved when running a house though.

In contrast to an apartment complex, any maintenance issues that arise will be the responsibility of the homeowner, so you will need to make all the necessary arrangements and pay all the costs. You will however be free to make many cosmetic changes to the property as well as add to it.

The price difference between these two types of homes will also cause some issue. You will most likely be able to get more space for your money by purchasing a home outside of the towns, but many people find the extra paid for the convenience of living inside is worth it.

The condo vs house issue is always going to come down to personal preference, lifestyle and of course finances. Many will find that living outside of the towns and cities is worth the extra difficulties traveling etc because of the space and freedom it affords. But the convenience of an apartment cannot be ignored.

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Category: Real Estate
Keywords: real estate, buying house, selling house, listing agent, property, home buyer, business, society, fa