buying a condo versus a house

Buying a condo versus buying a house #1: Condos come with their own set of fees and rules. Fact #1: When you buy a condo, monthly maintenance fees are required to pay for upkeep of common areas and amenities. Fact #2: Your condo association can set rules, including the type of pet you can own and whether you are allowed to rent out your unit.

What this means to you is that without a condo fee, you could bump up your price range by $50,000, buy a home, and pay about the same amount every month. In other words, if you were planning to buy a $250,000 condo with a monthly $250 fee, you could spend the same amount and instead buy a $300,000 house.

Buying a Condominium vs. Buying a House | LegalMatch – Buying a Condominium vs. Buying a House. There are some fundamental differences between condominiums and houses that a potential buyer should keep in mind when considering what type of residence to purchase for residential purposes:. Ownership: Owning a house comes with the right to exclusive ownership of all the property you have purchased both inside and outside of the house.

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Should You Buy a Condo – Condo vs. House – Suze Orman – Should You Buy a Condo Instead of a House? By Suze Orman. Photo: Robert Trachtenberg. Q: My spouse and I have been considering a home purchase, but every time we begin looking, the plummeting prices give us cold feet. Is buying a condo a smarter move? The prices seem less risky.

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The New York City homebuying guide – There are several types of homes available for potential nyc buyers: condo: When you buy a condo, you have full ownership of. $1 million (and as much as $84 million, depending on the house). Loft:.

Condo vs Home: Pros and Cons of Each – There are advantages to buying a condo, one of the main ones being cost. A condominium may be the perfect entry-level home for you for a variety of reasons. Final Thoughts Condo vs House. Lets go over a final re-cap of the pro’s and con’s of buying a condo vs a house. Homes – Pros and Cons. A private yard for your use and enjoyment.

Rent Vs. Buy Calculator – Buying or Renting a House – realtor. – Use the rent vs. buy calculator at realtor.com to make the right rent or buy decision. Find out which option is best for you, buying a house or renting a home.

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