The calm at the center of a pearl

May 19, 2008

Condos versus single family homes versus …?

Filed under: Money Musings — Tags: , , — kyraninse @ 4:49 pm

When we went to Boston and looked at houses, I noticed that single family homes of about greater or equal size to condos were going for more than slightly less.

This may have been a fluke in both what we were looking at and where — after all, it’s not an entirely static comparison.

On the other hand, I was wondering why one would choose to live in a condo over owning a single family home — or maybe even sharing a duplex with a friend or family member.

Those condo fees do add up — not to mention that often you might have to negotiate with your other condo-mates to fix it up, which might or might not be worth it to pursue.

I’m pretty sure there has to be an aspect I’m missing here, but at the moment, I think I’d cheerfully go for a single home and then try to rent out one of the floors if I really wanted to go into the renting business. Not that either is on the horizon as of now — but just saying.


1 Comment »

  1. Hi, Were you looking in Boston itself or the suburbs? I am a Realtor in Newton, just west of Boston and condos definitley sell for less money here than a single family. Many condos have been completely renovated, while some of the older homes need to be. That may be part of the problem, but I would say condos in suburban Bosotn cost about 20% less than singles.

    Comment by szerlip — April 21, 2009 @ 5:08 pm

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