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yes because you have more space and a yard
Unless you're willing and able to maintain a home, a yard and all the property in a single family home, you could be better off investing in a condominium.
Here's why: Part of the monthly assessment you pay is saved in reserve accounts, which accumulate money until it's time to replace major real estate components, such as roofs, windows, or paint or otherwise maintain, preserve and protect the value of the real estate.
As well, in a condominium, the upkeep of public spaces is paid for by all the owners. This way, the lawn is mowed, the carpets in the hallways are vacuumed and shampooed, the look and feel of the 'property' can be maintained in good condition.
For a homeowner, all these tasks fall on the members of the household, or on vendors the homeowner pays to complete these tasks.
What else can I help you with?
Why is buying a house a better investment then renting a apartment?
Buying a house is often considered a better investment than renting an apartment because it allows homeowners to build equity over time, as mortgage payments contribute to ownership rather than monthly rent payments that do not accumulate value. Additionally, homeownership can offer potential tax benefits and appreciation in property value, leading to long-term financial gains. Furthermore, owning a home provides stability and control over living conditions, while renting often entails restrictions and uncertainty with lease agreements.
How do you live in a condo with satisfaction?
The first thing that comes to our mind when we plan to buy a condo is to live a much better life than we previously have, right? Not just you, but there are already a lot of people who bought a condo and thought that they are living a more satisfying life now. Of course, we all need to live in an environment where we can be safe and contented. That's Maslow's second hierarchy of need - safety!
Is it better to buy a house or buy land and build a house?
If you want to buy a land then the biggest issue is your favourite location. It is not easy to find our favourite location. It needs lots of time and money where as purchasing an existing home is easy. Building a new home does not offer the same convenience as buying an existing house. All you need to do is, find the top realtors or real estate agent in your area and get your dream house. Building a new house costs you more than buying an existing house. So I think it is better to buy a home. Rest of depends on your choice. You will make much better decisions than us.
Is it better to rent a house or buy a house in this economy?
It depends on your location. In some places home prices are actually down right now, so if you can afford to buy then go for it. It's better to pay a mortgage towards something you'll own oneday than pay rent on a house that's not yours.
What does a downtown condo cost to build?
Of course, everything depends on where you want to situate 'downtown'. First, you'll need to purchase the land. Its value may be sufficient to use as collateral to build the building with the number of units you want to sell. Or not. Your investment will be more if you build a 30-story building than if you built one that is only six stories. A local realtor can help you understand your downtown geography and the current market demand for condominiums in your locale. Developers build condominiums as multi-family, high-density housing so that they can recover their investment more quickly than if they simply built an apartment complex.
Are Charlotte condos cheaper than buying a home?
"In Charlotte, buying a home right now would prove to be pretty inexpensive. A condo isn't very expensive either but if you add in all the amenities you would have at a house, the condo is not cheaper than buying the house."
Full house is better than a flush?
A flush is better than a full house.
Is a flush better than a full house in poker?
No, a full house is better than a flush in poker.
Is a full house better than a flush in poker?
No, a flush is better than a full house in poker.
Is Eddie house better than LeBron James?
Eddie house is better than lebron James by a long shot
Is a full house better than four of a kind in poker?
No, in poker, four of a kind is better than a full house.
Where can I buy an inexpensive condo in the caribbean?
Your best bet is to vacation there, meet some locals, and find out who owns what and where. Then, make an offer to buy their condo. You will get a better deal this way than by searching online or trying to deal with people overseas.
Is a flush or full house better in poker?
In poker, a full house is better than a flush.
What is a us corporation secured investment contract?
This article at http://www.stockgumshoe.com/2008/06/secured-investment-contracts-legally-obligated-181-gains-stansberry.html will answer it much better than I can. This article at www.stockgumshoe.com/2008/06/secured-investment-contracts-legally-obligated-181-gains-stansberry.html will answer better than I can.
What is the average cost of home and contents insurance?
The average cost of home insurance depends on the house and the contents. If you live in an apartment, its going to be different than say if you live in a house or condo etc.
Does a Hog pen smell Better than a Chicken house?
Yes, Believe it or not, a Hog Pen does smell better than a Chicken House.
Which hand is better in poker, a full house or a flush?
In poker, a full house is better than a flush.
