Some people prefer buying their own house and lot while others opt for a condo. While both can offer a comfortable living space, they do have their differences. Knowing these is essential in deciding where to live. You need to see which one of them can provide you the kind of living condition you need and want. In order to decide which one suits you better, you have to consider several factors such as lifestyle, cost, and ownership.
If you’re into urban, community living, then condos for sale in Malibu, CA may be the right option for you. Condominiums are usually strategically located in urban areas near shopping malls, restaurants, transportation terminals, and other establishments. This is to provide residents easy access to these key areas because most condo dwellers are working, city people who are used to a fast-paced environment. Also, condo living is for those willing to share amenities such as pool and gym with other residents because these are under the building’s management itself. On the other hand, if you want a quieter and calmer living environment, then you may want to look for a house away from the city. There are a lot of houses for sale in more secluded areas, providing you a more laid-back lifestyle.
Maintenance costs and other fees are shared among condo residents. This means that if the building’s roof or any other parts need to be fixed, you will shoulder the expenses together with the other residents. When you own a house, on the other hand, you have the full financial responsibility. If something breaks, you’re the only one who has to spend on fixing it. You need to factor this aspect in. Are you financially ready to own a house or are you more comfortable in sharing expenses with others?
If you want full control over a property, then looking for Malibu homes for sale will suit you better. Living in a condo requires you to ask permission from the building management if you want to do a home improvement project. Remember that buying a condo gives you ownership to the space of your unit only. This doesn’t give you the right to make changes whenever you want. In a house, however, you have the last say on what you want to do with it. You can add a patio or a deck and no one can stop you.
Once you take these aspects into account, you’ll be able to decide which fits you better. Take a moment to think about these because buying any property is an investment that requires careful considerations.
Buying property: House vs condo, rappler.com
House & Lot vs. Condo, myfinancialcoach.ph
Pros & Cons of Buying a Condo Vs. House, homeguides.sfgate.com