Before investing in a home, it would be best for you to consider which type is best suited for your needs. Deciding between a house and a condo can be quite tricky, but both are immensely popular choices with each having its own unique features and benefits.

The decision to choose between buying a house or a condo can depend on several factors like budget, size, and lifestyle. Both of these options offer the chance to own a property and gain equity, but other than that they are quite different. Taking into account your personal needs is essential when choosing what type of property to purchase. Read on to find out how to decide between a condo and a house when looking for a home that’s perfectly suited for you.

Differences between condos and single-family homes

Before you read on to find out which option would be the best fit for you, it’s important to learn about the main differences between houses and condos. Townhouses, for instance, share more differences with condos than they do with single-family homes. But is buying a condo or townhouse worth it compared to purchasing a single-family home? It mostly depends on your lifestyle, preferences, and budget.

One of the key distinctions between a condo and a single-family home is the architectural setup. A condo is essentially an individual unit in a multi-unit building, whereas single-family homes typically stand alone and are separated from surrounding dwellings by land boundaries.

Condos and community living

Living in a condo brings you closer to your neighbors. You may have chances to interact more regularly in common spaces such as the mailroom, parking lot, clubhouse, and swimming pool, or while attending homeowners’ association meetings. Condos are an attractive option for first-time buyers and retirees who want to downsize. They are more affordable than houses, making them a great choice.

Condo living can be great if there is a good, unified community and you appreciate your neighbors. However, it can become a nightmare if you do not like socializing or are constantly being disturbed by nosy people who get into your personal affairs each time you leave home.

House living

Homeowners not part of an association can enjoy the freedom to modify their property, without the need to worry about noise or annoying neighbors. In addition, you won’t have to get the approval of an HOA to sell your house, which is one less barrier when it comes time to put your house on the market.

The amount of privacy you can experience in a single-family home varies depending on the location, the lot size, and of course, the size of your house. However, this privacy may be accompanied by higher costs compared to other housing options.

HOAs and condos

It’s essential to be aware of the regulations set by homeowner associations for design elements related to your home’s exterior. Read carefully through your condo covenant as failing to abide by these rules could get you in trouble with the HOA board.

The size, facilities, and location of a particular housing community can affect the amount of HOA fees it incurs. For instance, if you live in Canada, the condo fees you can expect to pay can vary significantly between Canadian cities, with Montreal generally having lower fees at an average of $0.30/sq. ft in comparison to Toronto averaging $0.75/sq. ft.

Which one is right for you

Investing in a condo is a great choice for first-time homebuyers, offering a smooth transition from renting and maintenance services with HOA in expensive areas without breaking the bank. Condos are usually more affordable than single-family homes and offer similar amenities such as pools and gyms without the hassle of maintenance.

A single-family house is ideal for those wanting extra space and a customized look. It is great for larger families or those in areas without HOAs. Single-family homes offer more privacy but come with the tradeoff of needing to invest time and money into repairing and maintaining them.

ca2 Single-Family Home vs. Condo: Which One Should You Buy


You have to decide between a single-family home and a condo based on your specific needs and priorities. While single-family homes provide more privacy, space, and control, they require more responsibility and come with higher upkeep costs.

When you’re considering if you would like to buy a condo, you should consider factors such as location, lifestyle, budget, and future plans. You also need to be aware of potential drawbacks like restrictions and shared expenses. Ultimately, the best option for you should be based on your current and future needs, making sure that it gives you an enjoyable living environment.

Categorized in: