Are you debating whether to buy a house or a condo? This is one of the most common questions for first-time homebuyers. Both options offer unique benefits and drawbacks, depending on your lifestyle, budget, and long-term goals.

In this post, we’ll break down the top pros and cons of buying a condo and a house to help you make the best decision.

Pros and Cons of Buying a Condo

Pros of a Condo

Low Maintenance

• As a condo owner, you’re only responsible for the interior of your unit.

• Major maintenance like roofing, siding, and landscaping are managed by the HOA (Homeowners Association).

• Great for those who want to focus on enjoying their space without the hassle of yard work or repairs.

Affordability

• Condos are typically more affordable than houses, making them a great entry point for first-time buyers.

• In Seattle, condos often start at $300,000–$350,000, compared to $600,000–$900,000+ for houses.

Amenities and Location

• Many condos come with desirable amenities like gyms, rooftop lounges, and pools.

• Condos are often located in dense, urban areas close to nightlife, shopping, and restaurants.

Cons of a Condo

HOA Fees and Rules

• Monthly HOA fees can add up.

• Special assessments for major repairs can mean unexpected costs.

• HOA rules can limit your lifestyle, such as restrictions on noise or renovations.

Limited Privacy

• Shared walls and communal spaces mean less privacy than a house.

• Smaller living spaces and frequent encounters with neighbors can be a downside.

Slower Appreciation

• Condos tend to appreciate at a slower rate than houses.

• While some condos can see significant value growth, houses generally offer more consistent long-term appreciation.

Pros and Cons of Buying a House

Pros of a House

More Space

• Houses offer more square footage, often including private yards and garages.

• Ideal for families or those who value having extra space for hobbies like a home gym.

Increased Privacy

• No shared walls or close neighbors.

• Greater freedom to design and use your space as you see fit.

Investment Potential

• Houses typically appreciate faster than condos.

• They can be easier to rent out in the future, especially if located near good schools or amenities.

Cons of a House

Higher Costs

• Entry-level prices for houses are significantly higher, especially in urban markets like Seattle.

• Maintenance and repairs (e.g., landscaping, roof replacement) are the homeowner’s responsibility.

Location Trade-offs

• Houses in more affordable price ranges are often located farther from urban centers.

• This may mean relying more on a car and being less connected to city life.

House vs. Condo: Which is Right for You?

Condos are best for you if:

• You want a low-maintenance lifestyle.

• You prioritize amenities and urban living.

• You’re looking for a more affordable entry into real estate.

Houses are best for you if:

• You need more space and privacy.

• You’re seeking a stronger long-term investment.

• You’re willing to take on maintenance responsibilities.

Final Thoughts: Make the Best Choice for You

Both houses and condos have their strengths and challenges. The right choice depends on your unique needs, budget, and lifestyle. If you’re ready to take the next step toward homeownership, it’s never too early to start planning.