Most people get to a point neighbors.
when they want to buy a
home. In fact, many people • You are interested in being
are reaching this point sooner part of a small community living
rather than later because of all in the same complex.
of the advantages of home
ownership in comparison to • You don’t have a lot of money
renting. But often, people aren’t to spend but still want to invest
sure whether they should actually in home ownership.
buy a house or if they should
look in to buying a condo • You don’t mind having certain
instead. This is especially true aspects of your home ownership
for younger home buyers who might regulated by a committee (a home
want the benefits of living in owner’s association made up of
the more communal situation of some of the tenants who live in
the condo. But of course there the other condos).
are pros and cons to each of the
choices. How do you know which • You live in an urban area where
one is right for you? condos are common (such as New
York or certain parts of
A condo is probably the right California).
choice for you if:
• You would like to have
• You are a single individual or amenities like a pool or a shaded
a couple that is looking for a grounds area but aren’t able to
small home rather than a large maintain such amenities yourself
property. either because of the time that
it takes or the cost.
• You are comfortable living in
close proximity to your A house is probably the better
choice for you if: a location where there are not
many condos on the market.
• You are a very private person
who does not like living close to As you can see, although there
your neighbors or having your are always exceptions, condo
home choices regulated by an purchases are usually best for
association. single individuals who have
neither the money to invest in a
• You are investing in home house nor the time to maintain
ownership primarily for the the upkeep of the home. These
purpose of resale of the home in tend to be young people who don’t
the future (since property values mind apartment-style living in
are usually higher than condo close quarters with their
values). neighbors, who are comfortable
having some regulation by the
• You are seeking to purchase a home owner’s association and who
large home and / or you need enjoy sharing common areas with
outdoor grounds areas for things others. Often, condo buyers are
like large pets. first time home buyers. If, in
contrast, you are an older adult
• You enjoy maintaining your own who has (or may soon have) a
yard or garden. family and would like the freedom
and privacy of a home with its
• You have (or plan to have) a own property, then a house is
large family. probably the right choice for
you."
• You live in a rural area or in
About the Author:
Kinan Beck is the Broker and co-owner of One Source Realty in Austin Texas. Visit Kinan’s Austin Condominium Guide, visit his Austin Realty company’s website.
Read more articles by:
Kinan Beck
Article Source: www.iSnare.com 
