Buying a Condo vs Townhouse vs Single Family Home?

2015-08-03 4:32 pm
My partner and I are thinking about buying our first place instead of renting, and are saving up. I am not sure which would be best for a young couple who are first time buyers. We do plan on living in the home for maybe a few years, but I am not planning on staying in the same place for many many years. We definitely plan on renting out the home in a few years, and maybe even sell it in the far future. The only thing that worries me about buying a single family home is that we will be responsible for all of the maintenance, and I'm afraid that it will be too expensive. We live in a beach town in South Florida (which is where we will be buying) and a good number of town homes are detached from neighbors, so privacy here won't be such a big issue to us if we end up getting one of those types of town houses. What are the pros and cons of each and which would you personally recommend to a young couple who are first time buyers? Thanks.

回答 (10)

2015-08-03 6:00 pm
you deduct mortgage interest....that alone makes make owning less expensive...
2015-08-03 5:00 pm
You need to do your research on landlord/tenancy laws in your area, including what rental accommodation is securing the best returns and also not over stretch yourselves financially.
2015-08-03 4:52 pm
Check first if any of the properties you mention are "under the condo act". If so, there are many restrictions
which one must adhere to. There would be monthly HOA fees to pay as well as your mortgage and property
taxes and insurance. Also, any owner under the condo act could be levied a considerable extra lump sum
of money when repairs and replacements are required for the building. It is a shared fee levied against all
owners of the same complex which must be paid upon request.
Be wary.
參考: Knowledge.
2015-08-03 4:45 pm
Single family homes are much easier to sell when the time comes to sell, but really the decision is a personal one and depends on what you like
2015-08-03 4:42 pm
Either one is fine in that kind of neighborhood. But most places you are still responsible for own repairs. If you hire a property manager that would make things less hectic but cost more. Pay a lot of attention to location. Most beach locations I know of the front row costs a lot more but sells and rents for a lot more also (and sells or rents much faster)
2015-08-03 5:48 pm
I would not recommend that a young couple who is not married buy anything together.
2016-12-30 11:07 pm
Townhouse Vs Single Family
2016-11-07 10:53 pm
Townhouse Vs Single Family Home
2016-09-10 7:42 am
2
參考: Rent To Own Home - http://RentToOwn.trustdd.com/?OAUn
2016-06-26 7:21 am
Townhouse Vs Single Family


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