Fsbo

Condo Pros

    * Generally More Affordable
    * Generally More Secure
    * Often Offer Amenities (pool, etc.)
    * No Outdoor Maintenance
    * Earn Equity (like a house)
    * Get to Deduct Interest Payment from Taxes (like a house)

Condo Cons

    * Less Control Over Space
    * Condo Fees
    * Generally More Difficult to Sell than Single Family

Condos appeal to many groups of people, but first time home buyers and older persons are the primary purchasers. In general, condos tend to cost less than single family homes which appeals to many first time home buyers. Because there is no exterior maintenance, they tend to appeal to older people. "Empty nesters" also like leaving larger houses for the convenience and increased safety and amenities of a condo.

With a single family home you have no association rules and no association fees. There is also a tendency for single family homes to appreciate in value more quickly than a condo of comparable size, accommodations and community. With a single family home you enjoy more privacy and more control and have sole responsibility for the property.

Single Family House Pros

    * Generally Appreciate in Value Faster Than Condo
    * Give Control Over Property
    * No Association Fees
    * No By-Laws

Single Family House Cons

    * You Do All House Maintenance and Yardwork
    * You May Have Limited On-Property Amenities
    * Does Not Offer the Security of Community Living
    * Not Always as Affordable

This entry was posted on Tuesday, June 24th, 2008 at 11:07 am and is filed under FSBO. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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