Buying A Single Family Home vs Buying A Condo | Pros and Cons

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Are you a first time home buyer in the process of buying a house but can't decide between a single family home vs a condominium (sfr vs condo)? What are the pros and cons single family homes vs condos? In today's episode we discuss the pros and cons of owning a single family home and compare it to the pros and cons of owning a condo in order to help you become The Educated HomeBuyer.
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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳ / jebsmith
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Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942
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Опубликовано:

26 мар 2023

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Комментарии : 25

@TheEducatedHomebuyer Год назад

⏩Watch This Next ⏩2023 Housing & Mortgage Forecast - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-F41ShPOjF0M.html ✅ - Need to get connected a real estate or mortgage expert local to your market? Please reach out at www.theeducatedhomebuyer.com/expert

@jessejoseph1984 Год назад

Great information.

@TheEducatedHomebuyer Год назад

Thank you 🙏

@lateriayoung3265 Год назад

Awesome advice! My husband and I will be a FTHB and we were conflicted on which would be best for us, this helps ALOT

@TheEducatedHomebuyer Год назад

Thanks for watching. Glad you found the info helpful. There is no "right" or "wrong" answer. Do your due diligence and the two of you will make the best decision for your family.

@jayvito86 Год назад

im a fan of townhomes only if its the end unit.

@TheEducatedHomebuyer Год назад

The two condos I have are both end units. Goes a long way to making it feel more like a single family.

@bettysmith4527 Месяц назад

Ugh, I just worry about the noise of the shared wall, even if it's only one wall!

@rayofsunshine107h 4 месяца назад

A lot of new desirable home construction has HOAs...it has pros to keep every one in line but HOA for a single family home is a pain

@TheEducatedHomebuyer 4 месяца назад

Definitely pros and cons. Sometimes I wish my neighborhood had an HOA when we have neighbors doing absurd "upgrades" and other times I'm happy we don't.

@msfortuknit Год назад

My ex hubbers and I lived in an association in the early 90s in San Bernardino Valley and it was in an association and had the same issues! We literally didn't even know what it was. They tried to mandate that we go to meetings, etc. It was an actual nightmare...Train them all Jeb! I avoid them like the plague now lol Keep up the goodness fellas!

@TheEducatedHomebuyer Год назад

Hahaha, appreciate it.

@beekiebookie452 Год назад

I’m under contract on a “condo” but it looks like a single family house (get your own private yard, no shared walls). There is only one other house in the condo association. We will be condo president too lol.

@TheEducatedHomebuyer Год назад

That's wild. Usually when we see 2 unit "complexes" it's a converted duplex where they made them condos to sell each unit individually. In So. Cal. you see this a lot with beachfront duplex condos.... Glad you'll have control as President. Read your CC&R's and by-laws to see what happens in the event of any split vote. With only 2 units, this can absolutely be an issue if you and the other owner don't see eye to eye on important decisions...

@beekiebookie452 Год назад

Craziest part is vote share is divided by square footage, we have the larger home, so get 60% of the vote share. Any shared utilities (water/sewer) are split 50/50 though regardless of square footage or # of occupants. @@TheEducatedHomebuyer

@TheEducatedHomebuyer Год назад

@@beekiebookie452 That is crazy. It's fantastic that you already know the details. You would not be shocked to know the number of people who buy in an HOA without doing the research.

@joannrush425 14 дней назад

How about buy a single family home and pay yourself a HOA fee (meaning save the money each month for repairs).

@TheEducatedHomebuyer 13 дней назад

An emergency fund for a homeowner is essential!

@seaTiger51 4 месяца назад

a condo on a trendy location can be worth more than a house at long range distance

@TheEducatedHomebuyer 4 месяца назад

1000%...commute times are a HUGE factor in quality of life.

@yeyinoukpossou6276 7 месяцев назад

Single family is good at the same time, the maintenance is expensive. I don't know what to go for as a first time home buyer 😂

@TheEducatedHomebuyer 7 месяцев назад

There are definitely pros and cons to each. Do your research and trust your instincts.

@user-rj5fj7wr1h 25 дней назад

Maintenance is the same for a condo. You just pay for it a little bit every month. But if you’re handy, you can lower your maintenance cost if you live in a single family home. You don’t have that option in a condo.

@NeoSoulCrew Год назад

I don't get the love for Hoas. Why do people concern themselves with the color a neighbor paints their house?? People just need to live for themselves and mind their own business.

@TheEducatedHomebuyer Год назад

I'm not sure anyone "love's" them. Jeb and I both own homes in HOA's....there's good and bad. In the best cases, the good vastly outweighs the bad. In the worst cases, it can be a headache to say the least. Thx for watching!