Many people think that the difference between a condo and a house is that one has a yard and one typically does not; this concept is completely wrong.
A lot of people get confused by the question whether they should buy a condo or a house. This is the question only you can decide; a lot of people don’t give it enough thought before coming to a decision. But basically it all depends upon your wants & needs plus your lifestyle.
If you have a big family and want a space and backyard that can be used freely or if you want to have complete control on the decision making regarding the house and want complete privacy then a condo, probably, isn’t the best option for you.
If you are living a busy life and want things to be simple, don’t have time to do the yard work, and if you want to enjoy the comforts of a home, then a condo is the perfect choice for you.
If you are still having trouble making the right decision the following points will help you in your decision making.
- Shared common spaces.
- Exterior maintenance including snow removal and landscaping is taken care of by the condo association (from your monthly condo fees).
- Generally freedom to do what you wish inside (within the law), but outside you normally need permission from the condo board to any changes or improvements.
- Monthly condo fees usually include water and sewage, and generally in the case of apartment style condos heat is also included (if it is hot water heat, watch out for electrical heat).
- Insurance that covers the exterior and the building structure itself are part of your condo fees (but you will need your own personal insurance for the interior and personal affects, much like renters insurance).
- Private yard.
- No condo fees.
- Maintenance outside is your responsibility to organize.
- You are responsible for all insurance costs.
- You have total control (within the law) of what you can do to your property.
- Not required to ask anyone if you want to paint your outside door or put on a new light or a new mailbox.
Both, in houses and condominiums there are numerous different styles and choices available. The Saskatoon real estate market in the past was primarily driven by houses. In last few years a big change has been observed. The demand for condos for sale in Saskatoon has risen and as a result the development of new condos has been increasing in Saskatoon. There has been a huge growth in the condominiums conversion projects across Saskatoon.