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Updated 12 months ago on . Most recent reply
Condo vs house
What are people preferences? i own few condo's in NJ and find the association a pain. On the other hand, not dealing with roof, pipes etc damage is a big deal for me.
Any comments/advice?
are there areas where condo's are better then houses?
Most Popular Reply

- Lender
- USA
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Hey Liad -
Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes. You also might face unexpected costs like special assessments, and market saturation could impact rental yields/resale values. Definitely something to consider when looking in addition to understanding if it is warrantable or non-warrantable and limitations as such.
Happy to connect if you have further questions.