Single family versus condo properties is a typical dilemma for many home buyers. Both provide different advantages. Buyers automatically consider the price difference, but there are further factors that must be reviewed. The following are several things to consider when comparing Florida single family versus condo properties.
Rehab Options
The power to complete renovations is a key distinction between Florida single family versus condo properties. With condos, there are restrictions on what you may or may not do to your home. In most condos, you may renovate the interior areas of your home as long as it does not affect the structure of the building. Exterior maintenance is typically managed by the association. For single family properties, you only have the governing building codes to worry about.
Lifestyle Considerations
Given the vicinity to other units and the availability of amenities, Florida single family versus condo properties may be very different. With condos, you have more chances to socialize with neighbors (while using on-site amenities). With single family living, your property is separated from your neighbors, so interacting with neighbors can require a deliberate effort. It is worth noting that some single families within planned communities might still offer opportunities to interact with others if they provide community amenities.
Level of Privacy
Although unattached units are sometimes available, traditionally condos are adjoined to one another. Thus, you normally share walls or floors as well as other features. If detachment and privacy are extremely important, then single families are the better solution.
Routine Repairs
Most condos have a condo fee that covers such things as exterior maintenance and shared amenities. So, you do not need to address covered repairs yourself on your own. With single families, you must manage all of the maintenance, both interior and exterior. If you have limited time for these items, the simplified condo living might be just right for you.
Comparing Florida Single Family Versus Condo Properties
There actually is no answer to Florida single family versus condo properties and which is better than the other. Each offers different perks. In the end, it comes down to your own preferences. Do you prefer to manage fewer maintenance tasks? Is privacy critical? Do you like to socialize with others? How much control do you need over the design elements of a property? By considering these questions, you can determine the more fitting option.
