Would You Rather Buy a Townhouse or a Condominium Unit?
September 1, 2015 5:12am CST
So I've been thinking, what are your choices when buying a place to live in? Excluding the house and lot option, would you buy a townhouse unit or a condominium unit? The condominium units are booming here right now. And I'm also seeing a lot of families looking for townhouses. Some newly married couples really want a house and lot however their budget are good for condominiums only and can't even afford townhouses unless it is in the provinces. If I get the job I went for an interview earlier, maybe I can get a studio condo unit in a few years. Or maybe not if I want to travel somewhere instead. I can't afford a townhouse or a house and lot unless I get to be a billionaire maybe. How about you? If you do not have your own house and you were to choose, which one of the two would you buy given your current situation?
6 people like this
• United States
2 Sep 15
@sacmom Oh...cool. We are in a developement that never formed an HOA..so...no rules. Ha! We can have any animal we want and no restrictions. We are also on a cul de sad and there are lots of empty lots around us. We hope to buy up around us as well.
13 Sep 15
I think they both have advantages for first buys. Townhouses give you the feel of an attached house but not all are maintained the same way. Condo's are close to city centers if you like to be but you need to be careful of condo fee's. They both have really good resale values right?
13 Sep 15
@owstalaga Of course if I could, I would keep buying anything with good resale value. I would purchase for resale and/or to rent out getting the occupant to pay my mortgage. I would get rich doing it too. As for choice, there are many factors involved to consider on each purchase too many to go into here I think.
13 Sep 15
Townhouses can be pretty expensive here. If I have to choose between the two I'd choose a townhouse for sure, IF its affordable. I live in a condo now, it has great facilities and stuff but I still dream about having a house with a yard, away from the city.
choosing a place to live in and settle permanently is a big decision one has to make, early on in his or her productive lifetime. of course, not all of us were born with wads of cash. so, as we begin working, we make a list of what we want to achieve or get. one of these is a domicile or a place we can call home. there are of course a lot of choices. a cramped studio unit, a condo unit, a townhouse, or a house and lot. in choosing what type of home we will finally have to settle, we will consider of course our work (the distance we have to travel between our planned home and our workplace on a daily basis); then, our earning (can we afford the monthly amortization and other fees that go with owning any of the types of homes earlier stated); then, will the planned home be enough for the family you have planned, which means you, your wife and children; and there are a lot more to consider. what is important, however, is to get a type of house you can afford and will give you the convenience in your work and the comfort your planned family need to have. just remember, there is a sense of permanency in buying a house, whether it is a studio or a mansion. think seriously consider these, and you are on your way to having a dream abode.