All Things Real Estate is a channel that is meant to be a learning center for real estate enthusiasts of all levels. Whether you’re a buyer, seller, investor or aspiring real estate agent, this is the channel that you want to be on. My name is Brandon Archie and I’m a Real Estate Agent with Keller Williams Classic Realty NW out of Maple Grove, MN. My goal is to be your trusted advisor and to arm consumers with the knowledge they need to reach all of their real estate goals. Look out for new videos every Wednesday!
Townhouses are better than condos that are flats and stacked. Lived in it all and enjoyed townhouses more due to less maintenance worries. Single family homes have been nice, but I am always feeling stressed about something going wrong.
I live in an hoa community so far nothing bad happened for 3 years straight. But i can assure you for new comers I would highly recommend you to avoid just in case u actually do deal with an issue with them 👍
How about if your neighbor is doing something you don’t like, you be a man and ask them to fix it, help them fix it or better yet, mind your own damn business.
I prefer a single family home, always. But… we fell in love with a beautiful, new construction townhome in a gated community. 2 car parking space, garage, lake view at 1,673 sq ft. We love that it’s low maintenance and it’s a wonderful upgrade from a 2B 2B apt. Its just my husband, me, and our 1 year old. It’s really just what works for you.
My first home I owned was a garden style condo, and it was a great starter home, as it was brand new and I never had to do any major repairs in the 9 years I was there. I also didn't have to worry about snow clean up, or garden work etc. I think it's up to the individual, as to which is better, a SFH or condo, as was said in the video. A couple of the most irritating parts of the condo was, having to listen to my neighbors' noise, both beside me and above. I do not recommend buying a garden style condo, unless it is on the top floor and there is an elevator! Also the condo association were a bunch of Karens with nothing better to do than look for rule breakers, but when you had a complaint they barely answered the phone. I eventually started adding "Penitentiary" to the name of our condo development on any paperwork I had to fill out and return to them! I got fined 50.00 a day for not mailing back an information form,, which I felt was an invasion of my privacy, it ended up being 800.00, and it was ridiculous. Got fined 50.00 a day for having a pumpkin on my FIRST FLOOR balcony, and got letters stating I needed to remove my flowers because they had a couple of dead buds on them. So if you like privacy, and freedom, and you don't want to be treated like a child in your own home, don't buy a condo, because not only will the association be in your business, but you are on top of your neighbors, and there are prudes all over the place looking for reasons to complain about you. Another thing to be concerned about is condo fees, they only go up, and whether or not your association has a healthy reserve. You can get this paperwork and look it over. Know that when you buy a condo, although you may not have as many expensive outside projects, they can charge an assessment which can be very costly. I have no regrets about the condo, it was a great starter home as I said and I learned a lot about home ownership in a more controlled environment, and it was WAY better than renting! I now own a single family home, which I LOVE, and am MUCH HAPPIER in! I enjoy gardening and yard work (I know I am nuts), so spending a Saturday or any day raking or weeding is ok with me! I enjoy doing projects, because a house IS a never ending project, there is always something that needs repair or updating, or cleaning. If you don't like yard work, then don't buy a house unless it's on a postage stamp lot, or plan to hire someone to do it. If you are not into doing minor projects then don't buy a house, cause as I said you will be doing a lot of them. Make sure you have adequate savings and income BEFORE taking the leap into home ownership, as it can be expensive!! I have been in my house for almost 7 years and have spent about 30K in repairs and maintenance, maybe more. Realize that not everything needs to be done immediately, take it one project at a time, I did one major project a year. My friend gave me that advice when I was looking at homes and seeing some o the work that needed to be done. Anyway, my two cents is do your own research on the pros and cons of both, and also your life style, if you like your weekends free to party or do other activities maybe a condo would be better for you, on the other hand if your party days are mostly over, and you like gardening etc maybe go for the house. Personal decision only YOU can make!
I have been in it all lol.. condos, townhomes, single family .. I am currently in a nice single family home , but prefer a tiny home or what we call villas in Florida .. nicer duplexes. So you share a wall but it is more like a house. I like to lock up and go so will be looking for that next again.
It really depends on your market. Here in MN home prices have gone down a little but only because current interest rates and taken some of the demand out of the market. We are still short inventory so at the end of the day, home prices will continue to increase over time, just nowhere near as fast as they have been over the last couple years.
Great video. Another problem with anyplace with an HOA is that they can decide to do maintenance you wouldn't do, and then they pass along the costs. You may need to save for maintenance as a home owner, but at least you can decide to actually do it when you can afford to, not when someone else decides you have to pay for it.
I had to shovel snow from my two parking spots and the side walks in front of my Townhome. HOAs take care of the common areas. Yes trash is included in your HOA fee but I find its cheaper if you get it yourself. Maintenance is your responsibility period including the outside of the home regardless if you have a Townhouse or single family home. HOAs are restrictive no matter if you have a townhouse or single family home. The benefit I found owning a townhome vs single family home is lower costs. I had a great townhome community in that they had overflow parking, a dog park, full basketball court for the kids. Sorry I moved from there to a single family home you don’t get that community feeling in the single family home community as you do in the townhome. People tend to keep to themselves in the single family community. In my townhouse community I knew just about all my neighbors and saw generations of children grow and graduate school.
In my single family house I knew just about everyone on the street and watched kids grow up 👀👀💁🏽♀️💁🏽♀️🤷🏽♀️🤷🏽♀️🤦🏽♀️🤦🏽♀️🤣🤣🤣! You do know that in a regular neighborhood there’s usually a park with walking distance 🤦🏽♀️🤦🏽♀️🤦🏽♀️🤦🏽♀️
You are correct. Keep in mind that this video is a general overview of the main differences, pros, cons, etc. Types of housing can be different in each state, but here in Minnesota where I am licensed, we do not have freehold townhomes.
Nice! Have you already started classes? If not, you should reach out to me first. I can possibly save you some money. But as far as KW goes, I would recommend them to any new agent. They've built their business on training agent sand helping them build their business. Many other brokerages don't put much time on training and they only talk about how much money you can make....Well you cant sell home if you don't know what you're doing. Also the real estate bible "The Millionaire Real Estate Agent" was written by Gary Keller
@@Archiehomes Yea I actually recently started the classes and funny you mention that book I went to the grand opening out in Maple Grove the other day and a real estate agents gifted me that book I plan to take a look into it.
One if the "cons" is just the difficulty in finding alternatives to single-family housing. Duplexes and triplexes are so uncommon. Mixed use zoning is very slowly coming back in some cities, but it's going to be a long wait. I just really don't want to end up stuck out in a suburb in the mean time lol!
You are correct, there can be. I mentioned this at about the 4:17 mark, but because they aren’t the majority (at least here in Minnesota) and for the sake of keeping this video simple, I didn’t go into much detail on them. I’ll probably do a separate video discussing single family hoa’s later.
The word row home and townhomes are usually used interchangeably, but are essentially the same thing. You may hear the term row home more in big cities like New York or San Francisco where the homes are really close together. We don't really have those in here in MN.
@@Archiehomes Yes I own a row home here in Philadelphia its similar to what you described for a Townhouse but I noticed some differences like I'm not apart of a homeowners association and I'm responsible for everything.
@@elijahsplaytime2540 So yours essentially would be considered a single family home then, and the term rowhome would be used more to describe the style of home. Kind of like "split level" or "rambler"
@@elijahsplaytime2540 the term for homeowner's association is HOA. You pay for the HOA, every month. I am not a fan, that HOA fee, can increase, and you have no control over it. I know a very elderly couple, who sold their condo, because the HOA, became more than their condo. This is why, I am happy to have a mortgage, and be responsible for my home totally myself. Before buying a house, get your own home inspection done, especially on your major systems, electric, gas, etc. and your roof. Get your basement inspected also, to make sure it's waterproof. I immediately started an emergency fund, for unexpected large repairs. I suggest you do also. Have on hand a credit card, just used for unexpected expenses. Now, you have an emergency fund, and if necessary a credit card. If necessary, if something happens you can't pay your mortgage, you have your emergency fund to rely on. You can hire people, when you don't want to do things like mow the lawn , etc. I do all my own stuff, so I have never used , " Task Rabbit" which has independent contractors, who are skilled in certain areas, that you may need them for. I am not endorsing a service I have never used, so do your own by checking up on them, and any similar service, like them.
