The Difference Between A Single Home And A Condo

[Al Jay]

Deciding on what property to buy is quite a tricky task especially if it's the first time that you will be doing such thing. One of the frequent issue a house buyer experiences is to whether purchase a single family home or a condominium unit. It is really tough to make a decision specifically if you don't know the big difference between the two choices. Some people would just readily decide even though they are unaware of the benefits and drawbacks of choosing either of the two. Let's start off by figuring out what these things are.

Wikipedia defines a condominium, or condo, as the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights associated with the individual ownership and controlled by the association of owners that jointly represent ownership of the whole piece. Single family residences or single family homes on the other hand are detached houses, usually with both a front and back yard, a driveway, and an attached carport or garage.

At this point you now know the variations between the two. By recognizing the deviation among the two selections immediately you supply yourself a clue to whether which alternative best fits you. May we proceed with the pros and cons of choosing which one to obtain.

Have a busy life or planning to join the active living in the city, then condominiums are just right for you. Besides the costly worth of single family homes in the metropolis, condos also have many to offer. Less effort with maintaining the condo because the owners would try to do it all for you. Most of the time condos are in close proximity with other establishments including dry cleaners, restaurants, cafes, groceries and theaters. Unit owners can also enjoy the amenities the condo offers which includes exclusive use of the gym, sauna and pool. Disadvantages that you may have would be consist of the monthly fees that should be payed for parking and maintenance and you can't make modifications on your unit promptly until approved by the condo board.

If privacy is what you are after then traditional homes in suburbs fits you best. Such place can provide you with enough privacy, no common walls and lesser noise from the neighborhood. Making renovations and expanding can be an option. Delight in a lawn where you can put up a pool or a garden maybe. A single family home can be a great investment as well. Homes have wider appeal than condos and will always appreciate at a better rate in the real estate market. Unfavorably traditional houses are more expensive home type. You need to pay for the maintenance alone and you'll be needing to fill empty spaces in the house with appliances.

The conclusion is yours to make. Just try to know which one is ideal for yourself, your family and the budget. Pay a visit to condominiums in Atlanta Georgia for great condos or Homes for Sale Paulding County for beautiful single family houses. Think a couple of times before you decide, value and comfort still matter most. Visit Canton Georgia Real Estate now.