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A house would be better, because condo fees can change. A nightmare would be to see your condo fees rise well above the mortgage or to the point that you can no longer afford them. It is always a good idea to attend Home Association meetings to keep an eye on those fees.
Depends on what you want to do with it in the future... If your going to start out here and move to a bigger one as your life and finances grow... then maybe we hold the condo and rent it out and let the equity build for the future, not to mention the tax breaks :)
Hello Julie, the answer is a home. Of course you also need to look at your budget to see what you can afford. If you cannot afford a home, then a condo will work. You can use it as a start and purchase a home later.
There are a lot of things to consider when buying a home, whether it's a condo, a townhouse or a single-family home. Condos typically have condo fees associated with them that you need to be aware of and calculate into your monthly payment and affordability. Once you know what you can afford and accurately figure in these fees, then you can decide on a lifestyle basis what is best for you. A good realtor can give you guidance on these things and show you properties that meet your criteria. Then, once you look at condos as well as other homes in the price range that you are comfortable in, you'll be able to decide what you like best. You may want to also ask the agent to give you advice on potential resale value. Although we can't predict the future, we can certainly give you good advice based upon current market conditions. It used to be that condos were not typically as good an investment as other types of homes, but that has certainly changed.