Buying a House vs. Buying a Condo: 5 Considerations
Buying a condo vs. house. There’s a good chance you’ve had this thought before if you’ve ever considered purchasing real estate here in New Hampshire, or anywhere really. There are unique benefits to both, and really, you can’t go wrong with either depending on your situation. Buying a condo vs. a house is a question that arises at a few different times in your personal buying cycle. Some people wonder if a condo is the way to go as their first property – to ease themselves into the responsibility of owning real estate.
Some view condos as an ideal means of “downsizing” when that point in their life presents itself. There are also those that want to have a “getaway” spot in addition to their home and wonder if a condo is ideal for that type of engagement (and while you’re not in the midst of a getaway, you can always rent/Airbnb as a potential net new revenue stream). We’ve even heard of parents buying a condo for their children’s boarding needs when they’re in college which then turns into an investment property once they’ve graduated.
Again, depending on your unique situation, buying a condo vs. a house is an interesting and exciting line of thinking.
Quick general lines of thought when it comes to buying condos vs houses:
There is no right or wrong answer when it comes to deciding the end result of buying a condo vs. a house. Both offer perks that the other does not. Both are a roof above your head. Both are an investment to add to your asset portfolio that will hold strong value as the years progress. And hey, who’s to say that you can’t have both? Only you can decide what (or which) works best for you.
If you have questions or would like to have a conversation about condos vs. houses here in New Hampshire, give us a call today. We LOVE talking about this very subject and can outline a lasting pool of beneficial information regarding both sides of the equation.