So, you're looking at South Bend homes for sale, and you see many different types of properties with different square footage and features. Should you buy a house? Or should you buy a condo? Each has its benefits and drawbacks. One has a pool and is close to downtown. The other has a fenced-in yard and is in the suburbs. Since homeownership and condo living are two different experiences, what you decide to buy will come down to your needs, preferences, and overall financial picture.
A condominium is a private residential unit within a larger building or complex. Condos are more like apartments, so they're a denser form of housing. Condo owners have full control over what happens inside their home, but the exterior of the building and common areas are owned and maintained by a condo board or homeowners association (HOA). Condos are usually found in more urban areas and are very popular with investors, downsizers, and first-time buyers.
If you're tired of paying rent but would like to pay a bit less than a typical single-family home costs, buying a condo in Saint Joseph, MI can offer the best of both worlds for some buyers. You'll own your unit and will build equity, but outside maintenance will be taken care of. In addition, prices for condos tend to be less than those for single-family homes.
Our real estate agents suggest the following five things to look for if you're thinking about buying a condo: