Are you stuck on the choice of buying a condo or a townhouse in Phoenix, then you are certainly not alone? Most first-time homebuyers face the challenge of deciding on the type of housing to purchase.
With the increase in the number of homebuyers in Phoenix, the condo vs townhouse debate would continue to be on the front burner.
Understanding the main differences between the two housing styles is crucial in your bid to make the right choice. Several factors play a role in the selection of a townhouse in Phoenix or a condo.
Before deciding to settle for any of these housing styles, let’s take a look at some factors you must consider.
Factors to Consider Before Choosing Between A Condo And A Townhouse In Phoenix
Whether you are buying a townhouse in Phoenix or a condo, you must consider its location. Areas such as North Phoenix, Mesa, or Gilbert are ideal if you are looking for a more spacious environment.
You could opt for the East Mesa area if you are on a reasonable budget. Otherwise, you would have to settle for Scottsdale and others.
2. Living situation
Depending on how you intend to live, you might choose to go for a condo or a townhouse. If you are a first-time home buyer and you are looking for a short-term living situation, you might want to opt for a condo in areas such as Tempe, Central Scottsdale, and some other decent neighborhoods in Phoenix.
On the other hand, if you desire a long-term living situation, you should consider settling for a townhouse in Phoenix, such as single-family homes in downtown Phoenix and South Scottsdale.
3. Family size
The size of your family is vital when choosing to buy a condo or a townhouse in Phoenix. Condos are perfect if you would be moving in without kids or pets.
If you anticipate family growth or owning a pet in few years, you might want to consider investing in a townhouse with significant indoor and outdoor space.
One of the essential factors to consider before buying a home is your overall budget. Generally, townhouses compared to condos in Phoenix are more expensive. So depending on your budget, you could invest in owning your dream home in Phoenix.
5. Maintenance Costs
If you do not want to be bothered by the enormous maintenance costs of fixing damaged roofs and exterior walls, then you should consider buying a condo in Phoenix.
Building owners are responsible for repairing damaged roofs or maintaining exterior walls. However, you are liable to fix or replace major faulty appliances in your home.
Townhouse owners are primarily responsible for maintaining everything in their homes. From repairing damaged roofs to mowing the lawns, it is solely your financial responsibility to handle it.
6.Home Owners Association fees
Homeowners association fees are standard in most planned neighborhoods in Phoenix, including condos. These fees cover the cost of maintaining several facilities in the community, such as pools, tennis courts, landscaping, etc. Furthermore, HOAs have rules that would restrict you from painting or decorating your home in a certain way.
On the other hand, owning a townhouse in Phoenix would be a better alternative if you do not want to be bothered by extra fees or restrictions.
Which is best for me?
You probably must have weighed in on the best aspects of each housing style and how it affects you before picking on the right home for you.
Condos are appealing to individuals who desire a safe and communal lifestyle. If you appreciate an economical building with shared outdoor areas and easy access to shops, restaurants, etc., then condos are the ideal home option for you.
Townhouses offer more space than condos and are ideal for individuals who desire a single-family home within a community property. If you do not mind about the extra maintenance costs of a single-family home, a townhouse is a good choice.