Arizona Real Estate: Condo vs. House: Which One Is Right for You?

When you perform an Arizona home search, you may be undecided about your choice of a home. Arizona offers a broad range of options, with condos, and single-family houses representing the most popular residential properties.

If you have your sights set on buying a property in Arizona then, you need to tailor your search to your interests and living needs. While some people find a single-family home more to their liking, others may find that a condo better suits their lifestyle choices and interests.

So, how do you make the distinction? How do you decide?

To start your real estate journey, you need to figure out if a house or condo is better for you. Looking at the differences will help you make up your mind.

Looking for a Peoria Condo for Sale or Searching for a Condo in the Phoenix Area

One of the popular places to find condos is in Phoenix suburbs, such as Glendale, Scottsdale, and Peoria. For example, if you are looking for a Peoria AZ condo for sale, you probably will have specific reasons for choosing the property.

Maintenance and Repairs

Condo owners often are empty nesters – people whose children have moved out and want to scale down on their living space. Therefore, they often are leaving their single-family residences to lead a more maintenance-free life.

When you live in a condo community, you usually will join a Condo Association which takes care of maintenance in the common areas or makes repairs to a building’s exterior. While you do have to take care of the interior maintenance, you can free up more time, as you don’t have to trim hedges, rake leaves, or mow the lawn as you do with a house.

The Down Payment

You usually do not put as much money down on a condo, as condos, generally, are less expensive than houses. However, when you own a house, you also own land. Therefore, there is a trade-off in either case. You just have to consider which is more important.

Privacy and Amenities

A condo is less private than a house. Nevertheless, you usually are closer to shops and restaurants, some of which are within walking distance to the community. Condo owners also have access to shared amenities, such as walking paths, swimming pools, workout facilities, and tennis courts. If you are single, a retiree, or enjoy social activities, you may find a condo more to your liking.

Making Improvements to the Property

A house may be more to your liking if you are starting a family or wish to have a place that will accommodate the various stages in your life. That is why single-family residences are typically designed for families. They allow people to embrace the family lifestyle.

Therefore, living in a house is more scalable. As your family expands, you can also add an addition or make improvements outdoors. Some homeowners may even build a guest house. If you live in a condo, you generally can only make improvements inside the property – upgrades that are limited to replacing carpeting or tile, replacing windows or switching out appliances.

Selling and Buying

While a condo is easier to buy because it is usually cheaper and the demand is lower, a house is normally easier to sell. Therefore, if you plan to sell your condo, you have a better chance to do so when the real estate market is strong.

Also read: Top tips for finding new home builds on the sunshine coast

The Outside Appearance

While houses have individual characteristics, condos, for the most part, look the same. However, if you have already lived in a home or you live alone, this type of uniformity may  make you feel more secure.

One Final Thought

As you can see, living in a home and residing in a condo offer different benefits. Keep this information in mind while searching for an Arizona home. Arizona has plenty of houses and condos among its real estate listings, so assess the pros and cons before searching for a single-family home or a condo property.