Buying a Condo vs. a House in Baltimore
As you consider your options for Baltimore homes for sale, you might come across the decision between Baltimore condos and Baltimore single-family homes before you can really begin your home search. Both options offer benefits and drawbacks that you need to consider before making your final decision.
Factors to Consider When Buying a Condo
Baltimore condos offer a better price per square foot than single-family homes. Because more homes can be put on one lot, developers do not have to get as much for each unit as they would if the same amount of space was occupied by a single-family home. Also, buying a condo means less maintenance, making this the option of choice for many busy professionals. Your condo association will handle much of the maintenance of your unit, and you won't have any yard maintenance to worry about. Of course, this low maintenance option comes at a price. You will have to pay condo association fees, and those fees are due whether or not you have any maintenance on the home during that particular month.
Condos, on the other hand, offer less privacy than single-family homes. Also, for some people a lack of a yard is a benefit, but for others it can be a drawback, as they will not have a yard for kids or animals to play in. If you wish to remodel, you may be limited in what you can do, and you will have to run the remodel by the condo association for approval.
Factors to Consider when Buying a Single-Family Home
Single-family homes in Baltimore offer greater privacy than their condo counterparts. You won't be living directly above, below or next to your neighbors. You can put up a fence and enjoy the benefits of a yard. However, when you buy a single-family home, you face more maintenance costs, as all of the maintenance becomes your responsibility. If the roof leaks or the yard needs to be mowed, you will have to handle the job on your own, without the help of a condo association. Of course, this also means you can remodel at will, provided you have the budget to do so, without then need to get permission first.
Neighborhoods to Consider in Baltimore
If you are having trouble determining which type of Baltimore homes for sale best meet your needs, you may want to consider the neighborhood of your choice. The city of Baltimore offers many distinct neighborhoods. For instance, if you want to buy a waterfront property in Inner Harbor, you won't have the option to consider single-family homes, as the only homes available in this area are condos. Fells Point and Canton are two other waterfront neighborhoods, and row houses and condos are abundant here. On the other hand, if you choose to shop outside of the downtown area in neighborhoods like Guilford, Roland Park and Mt. Washington, you will be hard-pressed to find affordable condos, because single-family homes and row houses are the home of choice in these areas. Baltimore has over 225 neighborhoods to consider, so take the time to weigh your needs and wants well before choosing.