Should You Buy a House or a Condo?

Article by: John Carle & Sharon Gregresh

A big debate these days is whether or not to buy a house, , Understanding Weeds - But mostly How to Kill 'em or buy a condo. Most of this debate comes from a lack of understanding about condos, and what they are. Hopefully, the following information , Tips For Acid Loving Plants will prove to be helpful.

When Buying a condo, are you a tenant?

No. That simply isn't true. When you buy a condo, you are buying a part of the corporation, and are thus an equal owner. It is true that you can be forced to move, if you are really disturbing the other owners, or causing problems. But this is true of residential homes , A Smart Spin for the Container-Challenged as well. If your neighbors complain repeatedly about smell, health concerns, or criminal behavior, then you may be forced to move. The same holds true in condos and houses , Microwave Convection Ovens - Double Benefits alike.

The board can force you to pay thousands of dollars arbitrarily, and without notice.

At first glance, this may appear to be true. But keep in mind that the condo association is made up of owners who have the same goal as you… Having a comfortable place , Orchid Care: How Orchids Grow to live that is building , Home Medical Supply: A Necessity equity. The members of the condo association do not make any money from their positions. They are owners like yourself, , Plants We like for the Clay Soils of Horsham Pa. who are volunteering their time. There can, however, be "special levy's" brought about by unexpected maintenance in the building. , The Free Neighborhood Home Décor Makeover The same holds true of a house , Are You New To Garden Fish Ponds? as well; the expenses just come from a different place. , How To Prune Your Roses For Stunning Results Ask anyone who owns a house , There Ain't No Such Thing As A Free Lunch - Hotmail how much it cost them for their last furnace. Or how much they spent repairing the water , Orchid Care: How Orchids Grow leak, and replacing the shingles. The advantage in a condo association is that you share these costs with the other owners, and are forced to save , Microwave Convection Ovens - Double Benefits money in advance for these repairs, , Tips For Windowsill Gardening through the reserve fund.

Condo fees cost too much each month!

Again, not necessarily true. If you were to add up the amount of money that a family spends over 5 years on the maintenance of their house, , A list of power tools that women should have in their toolbox for general home repair and emergencie you'll usually notice that it equals more than 5 years worth of condo fees. Also, many condo associations pay for their monthly expenses as a group. Heat, , A Smart Spin for the Container-Challenged water, , Cooking up a Lighting Plan for your Kitchen insurance, and maintenance are examples of such expenses. By purchasing as a group, they can often get these services at a lower rate than a single home , Medical Supply: A Necessity owner can.

I could never live in such close quarters

That's probably true. Condos aren't for everyone. Every person has to make their own decision, based upon their own lifestyle; now and in the future. If you have 3 large dogs, 3.5 children, and 4 cars… a condo probably isn't for you. But, if you're a single young executive who works 80 hours a week, or you're retired and travel most of the year, then perhaps a condo is the right choice for you. Only you can make that decision, as it is a lifestyle choice. Here are some factors to consider in your decision.

How much time do you spend at home?
Do you want to shovel walks and mow lawns?
Are you used to having your neighbours far away from you?
Is the condo association that you're considering favorable to your children's lifestyle?
Do you want a low maintenance home, , Tiles are the foundation stone for your stylish bathroom! or do you like tinkering in the yard , Have you been looking for the most up-to-date help regarding and garage?
Who's going to be living there? What are the neighbors like?

In fact, these are issues to consider on any home, , Greenhouse Calamities – Thoughts from a Novice Gardener not just a condominium. , There Ain't No Such Thing As A Free Lunch - Hotmail It's just as easy to get "bad" neighbors when you buy a house , Tips On How To Care For Fresh Cut Tropicals as it is when you buy a condo. The best advice , Tips For Acid Loving Plants that can be given is to research your choices, and be objective when choosing a home. , Love to garden but short on money? Here's 10 money saving ideas. My favorite example of this is as follows:

"A friend of mine asked me to help him find a home. , How To Save Your Fruit Tree Blossoms From A Spring Freeze. He's a single young man who travels 75% of the time for his job and is rarely at home. , Handcrafted Garden Bridges Builds Traditional Arched Span Bridges with Modern Flair When he is home, , Are You New To Garden Fish Ponds? all he wants to do is sleep and watch TV. He wanted to buy an acreage so that he could have privacy. After looking at the amount of continuous maintenance required for an acreage, he realized that acreage living wasn't for him. He's very happy in his apartment , Tips on Dealing with Slugs and Snails in the Garden style condo."

Make your own decisions, based upon what's best for you. If a condo is where you'll be happiest, then buy a condo. If a house , 5 Secrets To Growing Beautiful Roses is what's right for you, buy a house. , Granite Countertops: An Overview

John Carle & Sharon Gregresh are Realtors with Royal LePage - ArTeam in St. Albert, AB. They pride themselves on providing more than just real estate sales and listings. Their clients benefit from a much larger spectrum or real estate services. Contact them any time at information@workingtogether.ca or through their website at www.workingtogether.ca. They can be reached by phone , Handcrafted Garden Bridges Builds Traditional Arched Span Bridges with Modern Flair at (780) 458-5595

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