The gleaming key to your new home, which provides a sense of security when you glance at the palm of
your hand, is practically visible. You've thought through neighborhoods, you've phoned the agent,
you've planned your budget, and you're on schedule for mortgage loan approval, so you're pretty well set.
After all, what kind of house do you actually want?

You may have your mind made up regarding the size and location, but selecting the type of
property you want to be in charge of is a very different matter. There are condos and houses,
for instance. Let's concentrate on the key distinctions between the two so that we don't
agonize over a choice for the ensuing six months.

The biggest difference between condos and houses is that when you own a house you also
own the plot of land that it is on. When you own a condo, you own the airspace occupied by
said home, and perhaps part of a common area. A house will require lawn and structural
maintenance which are solely the owner’s responsibility, while a condo will require maintenance
to the outer structure that is split between the tenants.

Deciding which is better for you depends on many variables, starting with how much having a
lawn matters, and whether or not you will be willing to invest on its upkeep.

Explore the websites on our list to learn more about condominiums and homes. Find out more
by consulting sources including HUD, IREM, Fannie Mae, and Freddie Mac.

Is renting out your property in your future plans? Then consider that condos will see tenants
come and go more quickly. However, when it comes to selling, you might be get a better return
on your investment when selling a house.

Do you prefer the privacy of your own property lot or the community of a condo? Communities
are not a given in condominiums, but you sure will be seeing your neighbors whenever you use
any of the common areas.

In the end, no one kind of property trumps the other. Instead, careful consideration of what
your priorities and preferences are when it comes to your future home will guide you to making
the right choice.

JUAN MESTRE
REALTOR ASSOCIATE

RAISING THE BAR FOR REAL ESTATE SERVICES

Like this update? As your local real estate professional, I can provide more great tips like this and answer any real estate information questions you may have. Contact me today!

CONSIDER: Since I'm not a lawyer but your neighbor Realtor Associate, you should consult an
attorney and your CPA before making any decisions.
If you wish to find your Home or to start your journey towards Home Ownership,
Let’s start working together reach me at 305-776-5677 or register at www.juanmestre.com or email

mestre.j@ewm.com.

Sourced and digested from several locations including but not limited to:
RisMedia for BHHS.com/blog, EWM Realty, and my knowledge