If you are thinking to buy a home but stuck on what kind of property that best suits your needs, this may be the ultimate guide to help you make your decisions! Condos and detached homes have very different styles and benefits, accommodating different lifestyles. Think about what kind of lifestyles you require and prioritize your needs!

Condo

A condo, short for a condominium is great for people who are living a busy lifestyle. It is a private unit within a multiunit building. There are common areas that people share together and typically have great amenities, which attracts the younger generation. The best part about living in a condo is that it’s very handy as you don’t have to pay much attention to the maintenance. The benefits of condos include luxurious facilities, security, concierge services, less maintenance, and much more! Many individuals invest in condos as an investment property as well. However, the downside includes less privacy as you are living in the same building with everyone and to some people, it is not spacious enough. Bigger families have challenges living in a condo due to space.

Detached Home

On the other hand, detached homes are for people who are comfortable with house maintenance and able to afford the upkeep. Also, if you have a desire to customize your own home and design the way you like, you definitely have to live in a detached home, as most townhomes and condos are restricted to renovations and such. If privacy is one of your priorities in the list, detached homes are definitely your choice because the property isn’t attached to anything else. Pros of detached homes include having to pay all the expenses related to owning and maintaining the property. However, the biggest factor to determine if you are going to buy a detached home is the price. Single-family detached homes are generally more expensive than condos and townhomes, therefore many people can’t afford to buy.

Now you know the differences between condos and detached homes, which one is your pick? What lifestyle suits you better? Purchasing a home can be a stressful, yet emotional journey and is one of the major financial decisions you’ll make in your life. It’s very important to do a lot of research and think about what you need, the lifestyle and priorities you are seeking.