When deciding what to buy, most of modern consumers usually face with a common difficulty on whether to buy a condo or a house. This is not a simple decision. So, let’s see 4 things you should take into consideration before you make your purchasing decision.
Hire a Realtor
There is no doubt that an experienced Realtor is a must! Especially in the current market where everything is rough and complicated. He/she can advise you on what to do and invest in. In some cases a condo maybe a smarter decision, whilst in other markets a home may be a better investment. One thing is certain you must have a reliable and quality realtor by your side!
Are You Ready To Do The Maintenance?
On many levels the commodity that a house can give you is unquestionable. However, it is way hard to maintain and thus you need to determine whether you are ready to constantly do it. There will be a lawn, things will fell off and need repair and you’ll actually need to work hard frequently. Instead, a condo offers less commodity, but way less maintenance and cleaning.
Do you have the funds?
Buying a house is much more expensive than buying a condo. Thus, do the right calculations whether you have the needed amount to get the mortgage and to pay it on time. Condo is a lot cheaper investment, so if you are not ready to make scary financial investments, condo may be a better option. Of course this again depends on the neighborhood you are trying to buy a property in. However, you will always have the best advice if you hire a realtor.
Breakdown a list with your family or by yourself
When the clock is ticking and you still can’t decide what to buy, then sit down with your family, or by yourself and create a simple house or condo list. List all the pros and cons and determine your needs clearly. If the majority of pros are in line with your needs and perks, then go for that option. Having a clear list in-front of you and a sincere talk with your family members can do miracles and make the decision making process much faster.
At the end, your needs, the realtor, financial situation and needs of your family are the predominant factors. The decision is not easy to make, but if you are clear with most of these parameters, then you will make an easier decision.