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🚨HELP! 🚨 Single Family OR Condo?

The Basics 🙌

Condominium

A building or complex of buildings containing a number of individually owned apartments or houses.
The joint control of a country's or territory's affairs by other countries.

Single Family

A stand-alone house also called a single-detached dwelling, detached residence or separate house is a free-standing residential building

The Breakdown 👇

Topic	Single-Family	Condominium
Maintenance (Including interior + exterior of property)	Sellers duty for upkeep of exterior +interior Will have to pay for specific services if they do not choose to maintain property themselves	Paid for within HOA (Homeowners Association Fee) HOA based on square footage of the unit Typically always "hands-off" with physical labor and repairs

Expenses (Utilities and daily usage)	More square footage=more furniture Less cost effective Fuel (Gas, Oil, Electric) paid separately Electricity paid separately Owner gets more range of creativity for additions/provisions to home	Less square footage=less furniture More cost effective Fuel Typically included in condo fee Electricity Typically paid separately Less creativity for upgrades. Association as an entirety votes unanimously

Parking (Suburb vs City)	Typically 1+ spot(s) included	Sometimes included, not always Pay extra ($150+ /month) for garage space

Insurance (Homeowners vs Condo)	Increased liability covering more space (Inside, structure, and property)	Liable for solely interior of condo HOA creates reserve funds (think of as a bank) to hold onto for potential future damages of structure

P.S. 📝: Whichever choice we decide on together, I want an invite to the housewarming party 👍

Want to see condos Under 550k right now in Boston? 👇

Make Your Move👇Under 550k: October

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