Popular Types Of Houses And Home Styles :
- 1. Apartments :
An apartment is part of a collection of similar units in one building structure. An important feature is that you have to rent the place from a landlord. Oftentimes, apartments and apartment buildings have convenience factors like an on-site repair worker, laundry room, gym facilities or a pool.
Pros:
- Apartments cost less money upfront to move into.
- Repairs and maintenance are the responsibility of the landlord.
- It’s easier to relocate at the end of your lease.
Cons:
- There’s no option to purchase, leading to less flexibility and freedom.
- You’re not building equity.
- There may be limitations on how you can decorate.
- 2. Condo :
If you like the conveniences that come with an apartment but are looking to own rather than rent, a condo might be a great fit for you. Instead of having a building manager or landlord oversee your unit, you’re in charge of all the repairs and the upkeep inside the home.
Pros:
- There’s less upkeep than a single-family home.
- You can build equity.
- Exterior maintenance might be taken care of by a homeowners association (HOA).
- You could enjoy access to community amenities.
Cons:
- There’s less privacy and free agency.
- You’ll likely have to obey the rules of an HOA.
- It’s more difficult to move if you want to relocate.
