What are privileges of a SFR than condo, especially with ones older than 20 years?

  • December 18 2008 - Turtle Rock
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Answers (2)

Hi,

Always dollar-for-dollar a single family home will appreciate faster than a condo. As far as privileges....I think the main one is control. You can make improvements with relative ease. Oviously you have to get building permission and run it by an HOA you might have, but you can expand the home, put in a pool etc...these are obvious, I know.

I think one of the best things about this market is that more people can get themselves into a house vs condo...which is nice for families. Again...if we are comparing exact dollars, the monthly cost is lower on SFR too....lower association dues. But condo association dues do include fire insurance....and you have maintenance costs for a SFR.

So...the short answer? It depends! :)

Karen

www.Great-Western-Realty.com
  • January 19 2009
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If you buy a single family detached home you own land (in usual situation unless it's a lease land). Condo you own within property space and common areas, watch out for excessive home owners association dues per month.
  • December 20 2008
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