Purchase Condo or House?

Purchasing Condo or House?

Purchasing condo or house, Is it a better alternative to buying a house?, Is it less expensive?, Is it more comfortable or perhaps offer more entertainment and amenities at a more reasonable price?

These are some of the questions home buyers usually face when deciding between purchasing a Condo or a house, some of the benefits a Condo offers might be: Less maintenance to worry about; There’s no roof to repair, yard to tend or mechanical systems to worry about which might be covered under your property maintenance benefits.
Offer a sense of community living, with normally benefits like, pool, entertainment areas, gym or sport facilities (although these benefits are normally reserved to more expensive condo projects)
It’s a hybrid type of ownership, although you own it just like a house, your walls might be your neighbors as well on the other side, so it’s more like apartment living.

On the other hand, the maintenance free options you enjoy come at a cost which might be steep in the form of maintenance fees which might be subject to change which in some cases might affect your bottom line cost and affordability; it’s an extra expense in addition to others like, taxes, insurance, etc.

Often condos are not pet friendly and do not allow pets of any sort, and might require a larger down payment to purchase (20% conventional, instead of 3 or 3.5% FHA) maintenance fees that sometimes could be steep.

It’s become a suitable alternative to business or professionally oriented purchasers that would rather enjoy the flexibility with less responsibility.

The house offers more in terms of freedom with a bit more responsibility, you can change practically anything and customize it to fit your needs, have a yard, instead of a community room to entertain and enjoy with your friends and family.

A House unless it belongs to a community association offers no restrictive bylaws on what you could or could not do in your home, however, there’s more in the way of maintenance and upkeep, landscaping is now the order of the week or pay someone to do it for you, however, many find this to be fulfilling tasks inherent to owning a home and the satisfaction and pride of owning one.


Your desire, lifestyle and current situation could determine your best option weather a condo or house it should be a great decision after careful planning towards enhancing yours and your family lifestyle.

If you’re thinking to purchase a home or a condo, feel free to sign up with your search criteria and receive automated alerts when the type of home, location and/or price come on the market. or Contact Us at (973) 216-1945 Roberto A. Sanchez – Broker Associate – Century ACV Real Estate for some advice and assistance, FREE of Charge, NO OBLIGATION.