House Vs. Condo What is The Difference And Which One Should You Choose

Dated: 04/30/2020

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House vs Condo

PEOPLE OFTEN THINK THAT THE DIFFERENCE BETWEEN A CONDO VS HOUSE IS WHETHER THERE IS A YARD

In this post, I will go through the differences between a Condo Vs House.

Here is a hint it is not whether it looks like an apartment or if it has a yard.

Most of us can identify the typical multi-unit attached condo complex that looks similar to an apartment building. But you may struggle with the detached condo with a yard and fence.

Although I will do my best to explain the difference between a house and a condo I am by no means an attorney and when in doubt check the title’s legal description.

DIFFERENCE BETWEEN DETACHED CONDO VS HOME


Your searching for homes on our website, or some other website and find a house you like with a yard and a fence. Then you look at the category and see that it is a condo.

Why?

Because it has an HOA. Not necessarily single family residential homes often have HOA’s.

In most cases, it is because the city has a very specific requirement for lot sizes in order for a home to be classified as single family detached. If a developer wants to build more units in a space they can build them as condos.

WHAT IS BEST FOR YOU


When trying to decide between buying a Condo vs House I think the most important factor is Price.

All things being equal a Condo will cost less than a house.

The HOA does not really increase the price of home ownership as it often includes utilities you will pay more for as a residential home owner.  It also generally includes maintenance of big ticket items such as; roof, siding, windows, and balconies and decks.

In addition the property taxes are generally lower for condos vs houses.

Which brings us to the 2nd most important factor when deciding...

CONTINUE READING: CONDO Vs. HOUSE

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Jason Fox

The best way to find yourself is to lose yourself in the service of others. ~ Gandhi Jason Fox was born in Everett, WA currently lives in the Meadowdale neighborhood in Lynnw....

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