Should You Buy a Condo, Town House, or House?

When it comes to buying a home, the type of house you buy is just as important as the neighborhood you will settle in. Different types of homes attract different types of people. If you are buying a home for the first time, you might want to explore the variety of choices in the real estate sector before settling on a property.

If you have a family to raise, you do not want to buy an apartment where the majority of tenants are college students who like to throw loud parties every night. Similarly, if you fall under the younger demographic, it would make little sense for you to invest in a bungalow in a quiet suburban neighborhood where you’re distanced from a myriad of career opportunities.

To help you understand better what property may be ideal for you, we’ve distinguished the differences between townhouses, condos, and houses, so you can make the best decision for you

Looking for Townhomes for Sale in Myrtle Beach?

As you have seen, each type of home has its pros and cons. Some are better for younger buyers while others are more suited to those who want to live a quiet life, raise a family, or have some privacy.

Townhomes for sale in Myrtle Beach, with a wide variety of options to choose from, you don’t have to limit yourself when it comes to investing in property. Myrtle Beach, for example, being a tourist destination, has plenty of properties that you can consider. Just make sure you consult with a local realtor before making your final decision.

What’s a Condominium

Popularly known as ‘condos’, condominiums are similar to ordinary rental apartments. They are found in units in larger buildings with multiple floors. The main difference between a rental apartment and a condo lies in the ownership.

Rentals are typically owned and managed by private companies whereas condos are private residences that are owned and managed by the landlord. There are no leasing agents or offices involved. This means that you can purchase a condominium and then rent it out on a person to person basis, as only you can approve who will rent your unit.

Condos are often in better overall conditions than apartments and they have a more personal touch when it comes to finishing and decoration.

What About Townhouses

Townhouses are usually more affordable than single home units. This is because they are smaller with fewer common areas and therefore require less maintenance than condominiums or apartments.

You also share wall space with other townhouses, meaning a smaller footprint and lower prices than single home units even if they have the same square footage.

One of the biggest distinctions between townhouses and condominiums is that in a majority of cases, owners of townhouses own not just the structure but also the land located directly below the property.  With condos, you can only own specific units while the housing structure and the land that it sits on are owned by the home-owners association which manages the properties. For an exhaustive list of available Condos visit this site: Myrtle Beach condos for sale.

There are plenty of townhomes up for sale in the Myrtle Beach area, just a few minutes away from the pristine beaches the area is famous for.

Single Homes/Houses

A single house refers to stand-alone housing units usually found in suburban neighborhoods. They are designed for occupation by families in residential areas so if you want a home where you can raise a family, this could very well be the best choice for you.

The lifestyle, surroundings, and amenities will be more suited to raising a family as they offer more space, greater privacy, and better resale value than condos and townhouses.