Single Family Home versus Condo - Which One is Right for You?

By
Real Estate Agent with Donovan Blatt Realty

Single Family Home versus Condo - Which One is Right for You?

Single Family Pros:

  • You can make more changes to the property than you can in a condo. -  You may be able to add on or change the exterior of the house, which you typically can't with a condo.
  • You're in charge, other than city zoning laws and restrictions (or homeowner's association restrictions, if there is one - which there usually isn't in many older Orange County neighborhoods).
  • No shared, common wall with your neighbor.
  • Larger yard.

 

Orange County Home

Single Family Cons:

  • Responsible for all repairs and maintenance,
  • Responsible for fire/hazard insurance.

 

Condo Pros:

  • Not responsible for the roof, or exterior paint, or landscaping, or common areas. 
  • Very few maintenance issues. 
  • Only responsible for what's inside the walls.
  • Association amenities - such as pool, tennis courts, clubhouse.

 

Orange County Condo

Condo Cons:

  • Own only the air within the interior walls.
  • Association dues, which may increase, and over which you have little control,
  • Liable for special assessments if the association needs more money.
  • Smaller yard 
  • More restrictions under which you must live often including the number and size of pets, the ability to change the outside of the property, and sometimes even what plants can be planted outside of your property.
  • All property is common, and the control is joint not individual.
  • In times like now, condos often don't sell as quickly as single family homes as people who can afford a single family home often prefer them to condos.

 

So, should you buy a single family home or a condo?

It depends.  Do you want to have a place to live that's maintenance free, or do you want to make all sorts of changes to your home?

Will you be able to live in a location you couldn't otherwise if you buy a condo instead of a single family home?

What is best for you really depends upon your situation.  If you want to find out what fits you best, please give me a call at 714.319.9751 to discuss your individual situation.

Curious about what a condo will cost you compared to a single family home?  Take a look at the links below.

Affordable Condos in Costa Mesa under $300,000

Affordable Single Family Homes in Costa Mesa under $500,000

Affordable Condos in Huntington Beach under $300,000

Affordable Huntington Beach Homes under $500,000

 

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!


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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.

Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about my system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Click Orange County homes for sale to view all OC homes for sale. Copyright © 2009 by Christine Donovan, All Rights Reserved. Single Family Home versus Condo - Which One is Right for You?

 

 

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.

If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes.  Click the link if you are interested in buying a home at a courthouse auction sale.

Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.

Click Orange County homes for sale to view all OC homes for sale.

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Topic:
Home Buying
Location:
California Orange County
Groups:
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Condo Benefits
Tags:
single family home versus condo
condo cons
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single family home pros
orange county condos
orange county homes

Comments 4 New Comment

Rainer
178,990
Erik Hitzelberger
Louisville - Middletown Real Estate
RE/MAX Alliance - Louisville REALTOR-Luxury Homes

Christine - Nice summary of the tradeoffs between condos and single-family homes.   It is always interesting to see how people weigh the pros/cons based on their particular needs. 

July 26, 2009 12:41 AM
Ambassador
1,518,686
Christine Donovan
Broker/Attorney 800-610-7253 DRE01267479 - Costa M
Donovan Blatt Realty

Erik - Thanks. What makes sense for a person really depends upon what they want and their budget.

July 26, 2009 12:51 AM
Rainmaker
668,913
Will Nesbitt
Nesbitt Realty is a family-run brokerage.
Nesbitt Realty at Condo Alexandria

Congratulations on the featured post!

July 26, 2009 06:12 AM
Ambassador
1,518,686
Christine Donovan
Broker/Attorney 800-610-7253 DRE01267479 - Costa M
Donovan Blatt Realty

Will - Thanks,

July 27, 2009 12:05 AM
Ambassador
1,518,686

Christine Donovan

Broker/Attorney 800-610-7253 DRE01267479 - Costa M
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Author Bio: Christine Donovan is a real estate broker and attorney. She is a lifetime local resident of Orange County, and the head of the DonovanBlatt Team which specializes in real estate sales and purchases in the Orange County area with a focus on Costa Mesa, Newport Beach and Huntington Beach.

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