There is a constant debate in the real estate industry over which type of home is more valuable and preferable, the condo or the traditional home. And you know what? It’s a tough call and a highly personal choice. Both types of homes offer some great options and seem to be tailor made for certain lifestyles, and indeed each type is definitely suited to specific lifestyles. These should all be considered before the purchase of either type of home and factored into the decision to purchase.
Condos, for example tend to lend themselves towards a more active and professional lifestyle. As many condo complexes are located in urban centers that have become ideal residences for those who work and play in the city. Condos and high rises have become synonymous with city life and developers are now focusing more on building upwards rather than outwards. High rises have become part of the city landscape and builders have had to get clever about how they present their new buildings to match the evolving and discerned taste of today’s average condo buyer. Condos are also offering a number of great lifestyle choices woven into the buildings themselves, health clubs and spas are becoming commonplace in most new developments amongst other valuable additions.
Homes on the other hand have always been the traditional place where people raise families and this has not changed. The single family home has maintained it’s allure over the years and has never lost that special feeling that come with its purchase. Taking care of a home can be a bit more work than a condo but that is all part of the charm of a home, you are free to make it into your dream residence. Another thing about homes that is a good asset is the fact that your neighbors are a short distance away. It can be aggravating living in a condo or apartment with noisy neighbors. Single family homes generally have a sense of freedom to them that is hard to achieve in any kind of housing.
Both types of homes are great investments that should see nice appreciation in the coming years. Single family homes are becoming more rare as space is quickly being used up in many areas. Condos on the other hand seem to be going up everywhere around any typical city. Whichever you choose, know that you are making a long-term investment in your future.
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