Is buying a condo the same as buying a house?

The main difference between buying a condominium and a single-family home is the type of ownership you receive. A condominium is usually attached to other similar units by a common wall, while a house is detached.

Is a condo worth it?

Yes, condos generally appreciate in value. That’s true of any piece of property—as long as it doesn’t have wheels or come from a trailer park. But, if you’re trying to decide between a condo or a house, keep in mind that a single-family home is usually going to grow in value faster than a condo will.

Should I buy a Condo instead of a house?

Depending on your personal preferences, there are advantages to buying a condo instead of a house. A condominium generally costs less than a similarly located and sized single-family home. Because the overall cost is lower, both the monthly mortgage payment and the property taxes will be lower.

Is it cheaper to buy a townhouse or a condo?

Some townhouses might have small yards or patios, and can be much cheaper to buy than a single-family home. For homebuyers deciding between houses and condos, a townhouse might be the best of both worlds. You get multiple levels, often more space (like a single-family house) with less exterior maintenance (a major perk of condos).

Is a condominium the right choice for You?

If you want to live in the heart of a densely populated urban area, in close proximity to a wide array of commercial uses, a condominium may be your only choice of housing. Land values in many downtown locations are prohibitively high for the construction of single-family homes.

Is a townhouse the right choice for You?

For homebuyers debating between a house or condo, a townhouse might be the best of both worlds. You get multiple levels, often more space (like a single-family house) with less exterior maintenance…