Condo vs. Single Family Living
Condo Versus Single Family Properties In MA
A typical debate among first time buyers is whether to purchase a condo or single family. Each provides unique benefits. Buyers always compare the price difference, but the one that is best for you should also relate to your lifestyle and preferences. The following are a few things to consider when comparing condo versus single family properties in MA.
Most condos have a monthly fee to cover exterior maintenance and shared areas. So, you would not have to complete covered maintenance and repairs yourself as a condo unit owner. With single families, you are responsible for all of the maintenance, both inside and out. If you keep a hectic schedule, then condo living could be just right for you.
Although unattached condos are sometimes an option, condos are normally attached to one another. Therefore, you would share one or more walls and other boundaries. If detachment and privacy are a must, then single family homes are the better solution.
Due to the relation to other homes and the amenities, condo versus single family properties in MA can be very contrasting. With condos, you have more opportunities to interact with neighbors (such as in common areas). With single family properties, your space is separated from your neighbors, so meeting neighbors will require added effort. It is worth noting that some single families within subdivisions might still offer easy interactions if they include community amenities.
The power to complete renovations is an important distinction between condo versus single family properties in MA. With condos, there are guidelines on what you may or may not do to your property. In many cases, you may renovate the interior space of the home as long as you do not alter the integrity of the building. Exterior maintenance is normally managed by the association. When it comes to single family homes, you can alter any part of the interior or exterior of your home. You have full control (limited only by municipal laws).
Deciding on Condo Versus Single Family Properties In MA
There actually is no universal answer to condo versus single family properties in MA and which is better than the other. Both offer different advantages. Ultimately, it depends on your specific preferences. Do you prefer to complete fewer maintenance tasks? Is privacy important? Do you like to interact with neighbors? How much control do you need over the building and design of the home? By considering these questions and knowing how it applies to condo versus single family properties in MA, you can determine the more compatible option.
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