When it comes to buying a home there are lots of points to take into consideration. A few of these include the size, price and also the amount of upkeep that is needed. If you possibly could make decisions over these areas you could be in a position to narrow it down to a condo, townhome or perhaps a single family home.
A condo offers ownership with apartment style living with no upkeep. This typically may be the lowest priced property in an area. In modern downtown areas, a condo can be quite costly and upscale.
In this kind of ownership the citizen only owns the inside of their unit. The common areas such as sidewalks, parks, etc are owned by all the heads of the constructs. There's a regulating body known as a condo association that is in charge of enforcing bylaws and takes care of any problems.
Townhome - Townhouses are generally bigger and have minimal to no maintenance in any respect. They can have a garage attached and even a small backyard.
The owner of a townhome owns the exterior of their unit as well including their deck and yard. Some townhomes have a company that cuts all the grass and quite often it’s the owners’ responsibility. Just like condo’s, townhomes have HOA’s (homeowner associations). They're also in position to enforce bylaws to help keep the community nice.
Single Family Home - You own everything - land as well as the home. You're accountable for all the maintenance on the home and also the yard work. There aren't any common spaces within your yard. This choice has the most responsibility but also the most space and privateness.
Do not judge a book by its cover - have a look at different housing styles when selecting a house. Some could be nicer or bigger than you imagine when you take a peek. Decide together with your realtor which is the best option for you. Sometimes you have to purchase a condo since they're less expensive and a great starter home.
When you're all set to move into a bigger house, rent it out. A condo offers you a chance to produce some rental income when moving on.
Learn more about the St. Charles community. Located in Southern Maryland, St. Charles is considered one of the most successful planned communities in the country. Located just 11 miles outside the Washington Capital Beltway, it is zoned to include 24,730 housing units in five villages; Smallwood, Westlake, Fairway, Wooded Glen, and Piney Reach.
Learn more about The St. Charles Companies, the developer of the master-planned community of St. Charles, Maryland. The Company also owns a portfolio of nearly 3,000 apartments, primarily in the St. Charles community.