Considerations When Deciding Between a House or Condo Tag: first time homebuyers
Posted by Niels Madsen on
When choosing the type of property you want to purchase, you’ll be bombarded with many different choices. You need to consider a variety of factors, such as the size of the property, features like if you want your own yard or if a management company handles any of the outdoor/community upkeep, and the types of financing available to purchase the property.
With the increase in buildings being constructed, there is a varied choice of whether to purchase a house or a condo. Note that this blog is talking about a condo, and not an apartment, as technically an apartment is a rental unit, whereas while a condo exists in a building with other units, it is individually owned.
It’s not just the technical label, but there are lots of other technical and practical aspects to deciding between a house and a condo, which will be discussed here.