First-time home buyers will have to decide at one point if they want to purchase a house or a condo. The decision isn’t just a matter of flipping a coin, as there are factors like price, size, need, and location to consider. Here’s a quick and short comparison of the two.
Why Buy a Condo?
A condo like the Norwood Grand is suitable for people who love the idea of living near modern conveniences. You won’t need to commute very far to get to where you need to go, including to the mall, a restaurant, a bustling night scene, or simply to your workplace. Aside from saving time, you can enjoy a lot of activities and support your hobby or lifestyle easily.
More often than not a condo also acts as a community hub where residents are likely to form friendships as they pass each other on a regular basis. Also, the available amenities for homeowners, such as a swimming pool, a gym, or a park where they can breathe fresh air and enjoy nature while relaxing make a compelling argument too.
Why Buy a House?
A house is much bigger than a single-unit condo, although there are luxury condos nowadays that are the size of small to medium apartments. Big families will certainly do well with a house rather than a condo as they will be able to utilize it better. Maintenance costs will be much higher as the space is bigger.
Value goes up for homes with amenities, e.g., a swimming pool or a separate gym room will usually cost extra, as are those in prime locations. Being bigger, you will need lots of furniture and decoration to make each room feel at home. Investment-wise, both condos and houses make excellent assets.