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House vs. Condo: What Every Potential Franklin Homeowner Should Know

By Colby Moore Subscribe to RSS | April 1st 2012 | Views:
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There comes a time in everyone’s life when they would have to move out of the old homestead and into something new. For some, the American dream is still the goal—nice house, green lawn, white picket fence, the works. But if your version of the American dream doesn’t include mowing the lawn, then you can also consider buying a condominium.

Buying and moving into a new home is a pretty big financial move, regardless whether you’re going to buy a house or a condominium. These options are very different, though, especially in terms of how you’re going to live your life after moving in. Shopping for and buying a condo is also fundamentally different from searching for a suitable house. This is why it is important to know what to look for from the get-go to avoid problems down the road.

One of the biggest selling points of owning a house is that it could have a bigger floor plan than a condominium, which makes it family-friendly. This will prove handy, especially if you’re planning on starting a family soon. A fenced-in backyard will let your kids play outdoors, and you get to enjoy privacy.

On the other hand, one of the downsides of buying a house is the degree of maintenance necessary to keep it in good shape. Owning a house means you are responsible for everything in it, and the bigger your property, the harder and more expensive it will be to maintain. And because houses are bigger than condominiums, this means that you have to fill all that extra space with furniture, décor, etc.Condominiums, on the other hand, are ideal for those who lead busy lives and aren’t home very often. In addition, some Nashville home builders have maintenance crews that can help you with your needs. Condos are also usually found in the heart of the city, which places you at a reasonable distance to downtown in historic Franklin.

However, condominium dwellers should be prepared to pay recurring fees. Typical condos in Franklin TN, for example, require residents to pay monthly maintenance fees to keep common areas clean and secure for everyone. You also don’t have the power to decide anything on your own—that’s the job of the Homeowners Association.

Whatever type of Nashville TN condos you decide to buy, remember to stay within your budget and choose one that fits your needs and lifestyle. For more information, you can visit lendingtree.com/smartborrower/buying-a-home/finding-a-home/buying-condo-versus-house/ or bankrate.com/brm/news/real-estate/20041113a1.asp.

There comes a time in everyone’s life when they would have to move out of the old homestead and into something new. For some, the American dream is still the goal—nice house, green lawn, white picket fence, the works. But if your version of the American dream doesn’t include mowing the lawn, then you can also consider buying a condominium.

Colby Moore - About Author:
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