So, you have finally reached a point where you can get a place you can call home. On the average, 40 percent of all the homebuyers in the US are first time homebuyers. While the experience is exciting, it can be overwhelming to a point where you will always find yourself stuck between two or more choices. One of the first dilemmas you are likely to face is whether you should buy a home or an apartment.
To be honest, cost is only a small factor here as you can easily find a house that costs just as much as an apartment and vice versa. It all boils down to the overall living experience and the ongoing cost. Here is a overview of a few main factors to consider.
Pros – A house offers more freedom to build and renovate as you please. You will find more rooms for recreational activities and even a yard for hobbies such as gardening. The financial worth of a house is likely to increase faster overtime. It is a good option if you have kids or pets.
Cons – You will be solely responsible for all the maintenance and renovation related jobs. From hiring the team to paying them, you will be doing it all on your own. Also, if you want to buy property in a good location, it may require a bigger budget.
Pros – The best thing about an apartment is that they usually come with a lot more amenities including security and parking. You will only be responsible for maintaining your own apartment while a fixed amount will be paid for the management and maintenance of rest of the building.
Cons – Apartments may not offer as much privacy as a house. Especially if you have pets or kids, you might hear your neighbors complaining all the time. Most apartments are not built to accommodate alterations and expansions.
Want to get some real numbers for a house or apartment, let our experts provide a more elaborate picture. Get in touch with a CollegeStationRealEstate.com agent today!