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Rainmaker
8,043,180
Roy Kelley
Retired - Gaithersburg, MD

The best selection is the one that will meet the needs of the purchaser.

Aug 12, 2024 04:12 AM
Rainmaker
2,272,556
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Ownership... start building equity. Own don't rent.. a condo, house. Apartment house..something.

Aug 12, 2024 03:34 AM
Rainmaker
5,390,585
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

A condo offers the convenience of exterior maintenance and care to the association at a cost. With a house you have more control of what you pay to have done and what you do yourself. Either way you build equity through amortization and appreciation. That is the largest path to wealth for 99.44% of the people. 

Aug 12, 2024 03:45 AM
Rainmaker
267,733
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Is buying a condo better than buying a house?   Yes, for the buyer who wants a condo, no yard, no exterior maintenance, typically  a lower price point than a single family,  and appreciates the amenities of said HOA.

Aug 12, 2024 03:01 AM
Rainmaker
666,791
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

A better idea? Buying both 🤗

Aug 12, 2024 06:45 AM
Ambassador
4,879,394
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It depends on the situation and what a person wants

Aug 12, 2024 03:55 AM
Rainmaker
2,465,149
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

It all depends upon ones lifestyle Bo Zivak . At the age of 70 a condo STILL does not fit my lifestyle.

Aug 12, 2024 05:54 AM
Rainmaker
869,384
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

Beware of Board of Directors who have never owned property prior to taking office.  Deferred maintenance is prominent here in Florida.  Day of Reckoning has arrived at a great cost to those not watching the kitty Bo Zivak 

Aug 12, 2024 05:45 AM
Rainmaker
506,245
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Bo Zivak 

It all depends on the individual, you have been given great answers. Some may want to rent, own nothing and be happy:) Katina

Aug 12, 2024 05:43 AM
Rainmaker
933,217
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

Bo, it depends on which works better for the owner. 

Aug 12, 2024 05:32 AM
Rainmaker
1,261,388
Peter Mohylsky, Beach Broker
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I live in a condo that lives like a house.  It is a single family dwelling with no immediate neighbors.  It has all the advantage of a condo as mentioned by others it was just developed as a condo so we have a COA that handles all exterior Maint, etc.  etc.  different shapes for different folks. 

Aug 12, 2024 04:33 AM
Ambassador
6,584,928
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

With a condo you do get to hire someone else to do things like snow plowing and lawn care, of course you could do that with a house too.

The main downfall is the excessive rules, same reason why I stay far away from HOA's.

 

Aug 12, 2024 03:30 AM
Rainmaker
1,085,671
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

There's always a tradeoff with condos and HOAs  . . .

on one hand, living is easy and maintenance is handled

on the other, your neighbors are REAL CLOSE and HOAs can be Gestapo! 

HOA communities keep property values high, that neighbor with the junk in the front yard would not happen
You also may get fined for loud music or Christmas decorations after January 7. (Yes I've lived in a condo LOL)

Except on the River which are high end with exorbitant HOA dues, we have few condo communities here. People do prefer more than zero lot lines between them and neighbors! 

If someone is violating CCRs (which we have but no HOA to enforce), it goes to County to complain and then they get a nice letter stating fix your shit in 30 days or we will fix it for you at your expense! 

To me . . . this is an ideal situation. No Napoleons with too much time on hands, but recourse if someone misbehaves.

Aug 12, 2024 06:53 AM
Ambassador
2,103,389
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

Nobody can answer that for you.  Only you can determine which is better for you.  But either way, paying your own mortgage, (instead of someone else's) is always a good idea.

Aug 12, 2024 06:24 AM
Rainmaker
2,819,769
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I used to look down on condo buying I realized another point of view i.e. it is one step above renting. Furthermore, if you pick a good location & it has amenities, even better. The C C & R's pose a small problem if they are outlandish or out of date so careful consideration should be given before purchase. To own a home is a nice place to be. To own a condo, yes to this

Aug 12, 2024 06:03 AM
Rainmaker
1,593,879
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

Bo Zivak I'm interpreting your difficult to decipher question as written as -
"is it better to own a house or condo?"

If so, I've owned and lived in both and the reason why I owned one over the other at times was neighborhood selection and lifestyle needs. "BETTER" is in the eye of the mortgage-payer!😉

Aug 12, 2024 07:33 AM
Ambassador
3,220,153
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Different needs for every buyer. Don't mind close living but enjoy amenities like a community pool and no yard work, buy a condo. Enjoy stand alone living with a yard and you don't mind maintaining, buy a house.

Aug 12, 2024 06:47 AM
Rainmaker
1,619,351
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

It all depends on the needs of the buyer.  It is a greqat way to start on the path to owning a SFR if you are renting.  Condos are great for retirees as well, for many reasons.

Aug 12, 2024 08:18 AM
Rainer
400,959
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I'm not really sure what your question is here.  Buying a condo instead of a house?  Depends.  I value my land.  Wouldn't want a condo.  For others they might not want to cut grass.

Aug 12, 2024 01:29 PM
Rainmaker
1,233,942
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

That really depends on the buyer and what they want. We help them get what they want.

Aug 12, 2024 09:46 AM
Ambassador
3,394,998
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Having lived in a condo it has its benefits.  When I move, I will buy a home with no HOA.  

Aug 12, 2024 09:19 AM
Rainmaker
1,397,883
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Different strokes for different folks.

Aug 12, 2024 05:00 PM
Rainmaker
2,233,231
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not everyone is cut out to live a HOA/ Condo Association Community ! 

Aug 13, 2024 01:59 PM
Rainmaker
925,288
Jeff Pearl
Samson Properties / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Depends on lifestyle.

Aug 14, 2024 10:44 AM
Rainer
445,658
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

I can think of a few, but I am stick with Roy Kelley.

Aug 14, 2024 09:38 AM
Ambassador
2,382,328
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

It depends on your wants and needs 

Aug 13, 2024 04:40 PM
Rainer
359,654
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

It depends on your market. In my market- co-op apartments represent about 70% of the inventory and condo apartments represent about 30% of the market- with a rounding difference of 1-2% of the market as townhouses/brownstone houses. I just came back from a showing about 40 minutes ago for a fully gut renovated townhouse for $2.8m. If the house was about 50 blocks to the south- it would have been $8-10m. Condos range in price so drastically. Last week I got a 2 bed, 2 bath new construction condo into contract with an asking price of $1.9m- but I have sold condos for half that are are equal in size. These are very different products and a lot just depends on buyers preferences.

Aug 13, 2024 04:39 PM
Rainmaker
744,167
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

I think both offer a living situation that meets the needs of the purchaser.  

Aug 13, 2024 11:49 AM
Rainmaker
914,743
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

A dress or a skirt and blouse? Just depends on what you want to do with it, what you can afford, what you want out of it. 

Aug 12, 2024 07:46 PM
Rainmaker
779,219
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

There is a purpose for each of these options.  I prefer living in a single family house but some people would rather not have all of the responsibility.  Also it's better to purchase real property so the amount of money on hand might determine which is a better idea.  I'd rather own a Condo instead of having money in the bank.

Aug 12, 2024 06:05 PM
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