Wednesday, August 14, 2013

Tips for Choosing Between a Condo or Home on the North Shore

As summer winds down, there are many who find themselves thinking about buying a home on the North Shore.  Whether they’re hoping to finally move into their dream home, or are a first time buyer looking to purchase in Winnetka, Northbrook, Highland Park, Deerfield or Glencoe; there are a number of properties on the North Shore market from which to choose!

If you’re a first time home buyer, or hoping to downsize in your next home purchase, you may be considering buying a condo or townhome.  As a North Shore Real Estate agent, I’ve worked with many buyers who were searching for condo living and they have been completely pleased with their new lifestyle!  

It’s important to note that there are a few major differences when it comes to choosing between a home or a condo.  Oftentimes people consider the issue of space and whether or not they’d like a larger home or a cozier condo.  However, there are a few other aspects you’ll want to look at when making your final decision.

1. Location- Whether you’re looking at a home or a condo, the first item on your list of decision will be where you want to live.  This is more than just choosing the town in which you want to settle down.  If you like the thought of living more in the middle of one of the North Shore’s quaint downtown areas, chances are you’ll find more condos.  If, however, you’re searching for more of a neighborhood feel, homes will be more prevalent. 

2. Privacy- If you don’t mind bumping into neighbors more often or sharing an outdoor space, a condo could be perfect for you!  However, if you want a yard all to yourself and lots of privacy, you’ll want to look at single family homes.  

3. Responsibility- Condos can be ideal for those not wanting to worry about trash removal or lawn care, which are typically covered by an HOA fee. However, with condo living, there can oftentimes be strict rules about updates you’d like to do or other items involving your space.  A single family home comes with freedom of making whatever choices you’d like, but all repairs, maintenance, etc... are on your responsibility. 

4. Budget- Determining how much you’d like to spend on a property can be the determining factor between home or condo living.  Typically, condos are less expensive and move in ready while finding an affordable home could mean updates are needed.  You’ll want to carefully consider your budget and ensure you’re not getting in over your head.

I hope these points give you further insight into the decision between condo or single family home living.  If you have further questions, I would be happy to talk with you more!

There are a number of beautiful homes and condos currently available on the North Shore and I would be happy to show them to you!  Contact me today to get started!  

Janie Bress
Your North Shore Real Estate Expert

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