Answers (2)
- Karen Parsons Fiddler, "Karen Fiddler"
- Contributions:189
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
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
- Shawn Pru, "ShawnPru"
- Contributions:80
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.
What are privileges of a SFR than condo, especially with ones older than 20 years?
-
- 0.0/5.0
- Write a review
Contributions:3Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.