After several years of diligently saving money, I’m nearly ready to purchase my first home. Because I’ve been thinking about buying a home for so long, I know exactly what I want my house to look like. I desire a place that has three bedrooms and three bathrooms. I also need a quiet space to set up my home office in. I want a massive, walk-in closet in my master bedroom. My master bathroom needs to have double vanities, a tiled, walk-in shower, and a Jacuzzi tub. On this blog, I hope you will discover how to set priorities during your new home search. Enjoy!
Have you lived in a condo for the last few years and are now planning to move to a single-family home? There might be a lot of different reasons you are making this choice, and things will be different when you make this move, but it can be a great move for a lot of reasons. As you prepare to make this move, here are some of the things you should expect and understand about the differences to expect as you transition from a condo to a single-family home.
You will now have more space and privacy.
Single-family homes generally offer more space to the homeowners, and this is not limited to just indoor space. With a home, you will have a yard, and you might also have a garage and a basement. You will likely have a lot more space to use, and additionally, you will have a lot more privacy. Your neighbors will probably be further from your house than what they were when living in a condo.
You will now have more responsibilities.
A second difference is in the responsibilities you will have when you move to a house. When you own a house, you are the person required to take care of everything in it and around it, including the yard and all maintenance and repairs the house needs. At your condo, you probably only had to care for the inside of the home, but this is not how it works with single-family homes.
Your expenses will probably go up.
You should also expect your expenses to increase when you make the move. While you might no longer have to pay a monthly fee to the homeowner's association, you might pay more for your mortgage payment, and you will likely pay higher rates for your home insurance, property taxes, and utility bills. Plus, you will have the expenses of maintaining the home.
You will no longer have a long list of rules to follow.
One final difference to note involves the rules you had to follow at your condo. In a community of single-family homes, there might be rules, but the rule list is likely to be a lot shorter and easier to follow.
Making a move from a condo to a house can be quite different, but it can also be a great move. If you need help selling your condo or buying a house, talk to an agent of your choice.