Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Condo vs House vs Townhouse | Which Type of Real Estate Should You Purchase? | First Time Home Buyer. That video is uploaded by Matt Leighton at 2019-12-23T08:15:00-08:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [g-STfWSbJY8]
| Name | Condo vs House vs Townhouse | Which Type of Real Estate Should You Purchase? | First Time Home Buyer |
| Video Uploader | Video From Matt Leighton |
| Upload Date | This Video Uploaded At 23-12-2019 16:15:00 |
| Video Discription | Condo vs House vs Townhouse | Which Type of Real Estate Should You Purchase? | First Time Home Buyer In this video, real estate agent and Realtor Matt Leighton talks about the six main things to think about when you are deciding between purchasing a condo, townhouse or single-family detached home. Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area matt@orangelinecondo.com Buying in an HOA - Pros and Cons of Purchasing in an HOA https://www.youtube.com/watch?v=BCYeAQsUbfw Condo vs Townhouse vs House | Top 6 Factors to Consider When Purchasing a Home 0:55 - 1. Money. What is your budget? It seems simple enough, but we also want to consider the maintenance costs involved with each type of property. Condos will be the cheapest type of property, but they will come with a monthly condo fee that helps to go towards the maintenance of the community. Townhomes will usually have a quarterly fee. Single-family homes will not have a monthly fee, but all the maintenance costs are the homeowner's responsibility. It's usually a good idea to budget about 1% of the home's value per year towards maintenance and repair items. 2:35 - 2. Location. Where do you want to live and are there condos/townhomes/houses in the neighborhoods that you're looking in? Once you have your budget and your desired location, there may only be one or two types of inventory available for you. Before you even have the condo vs townhouse vs house conversation, narrow down your budget and your desired neighborhoods. 4:21 - 3. How long will you live there? Can you make a condo work for a few years or will you outgrow it immediately? Do you see yourself staying in the same house for the next 5 years or do you think you may get a job transfer? Think about these types of factors when you look to purchase your next property. The goal is to avoid a situation where you are forced to sell the property soon after you buy because the property is a bad fit or doesn't fit with your plans. 5:19 - 4. What are your long-term plans? Are you expecting a child? Do you anticipate a job transfer in the near future? Sit down and think about where you will be in five years. Some buyers get fixated on 30 years because they see a 30-year mortgage. Don't think that far out. Break things down to the next 3-5 years and ask yourself where you think you will be to further understand which type of property is right for you. 7:14 - 5. What are your dealbreakers? What are those things about your next home that you absolutely cannot live without? Do you have to have a yard? Do you need a garage? If you get together a list of about five dealbreakers, that should give you a clear understanding of the type of property that would be a good fit for you at this time. 8:25 - 6. What is your lifestyle? Do you bar-hop downtown a lot? Do you have three dogs that need space to run around? Are you a first time home buyer and you think you will only stay in the property a few years before you buy something bigger? Think about what makes you happy and work backward from there. Find Matt here: https://instagram.com/TheMattLeighton https://www.facebook.com/TheMattLeighton https://www.linkedin.com/in/TheMattLeighton Business inquires matt@OrangeLineCondo.com Matt Leighton - Arlington VA Real Estate Agent Licensed in VA & DC Matt [at] Orange Line Condo dot com Century 21 Redwood Realty https://www.youtube.com/watch?v=g-STfWSbJY8 g-STfWSbJY8 |
| Category | News & Politics |
| Tags | buying a townhouse or condo | buying a townhouse | what to look for when buying a house | condo vs townhouse | condo tips | townhouse vs condo | pros and cons of buying a townhouse | buying a house vs townhouse | townhouse buying tips | condo vs house | condo vs single family house | townhouse vs house | house vs townhouse | first time home buyer tips | first time home buyer | first time home buyer advice | house vs row house | condo vs townhouse pros and cons | first time home buyers |
