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Old 12-02-2017, 06:12 PM
 
Location: San Diego CA
3,403 posts, read 2,683,293 times
Reputation: 5238

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Lived in SFH's most of my life in the east and then moved here in retirement and bought a condo. I bought a few years ago when the prices were more reasonable. Today in my complex a 1700 square foot unit will sell in the 700k range. We're in the coastal zone. Real estate even closer to the sea can go into the million plus range.


I like not doing any yard work. We have a cleaning staff, gardener and security. I was concerned about the noise level so I bought on the top floor. Pretty quiet. Some concern about short term rentals as this is a tourist destination. High HOA fees actually costing me more than my annual property taxes.
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Old 12-02-2017, 07:12 PM
 
Location: Columbus, OH
843 posts, read 514,821 times
Reputation: 1128
Sold our SFH 3 year ago for a condo that we love. More sq ft., nicer features, neighborhood is very quiet, plus a massive clubhouse with a gym, pool, etc. The monthly fee is worth it to keep out the rif-raff. Love not having to worry about hillbilly neighbors with their unmowed grass and red-neck above ground pool in the back.

And I disagree about the “shared common wall” complaint. There is no shared wall. I have my wall, then a firewall, and then the neighbors wall. Never have heard a single thing from next door. Quiet and I love it.
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Old 12-05-2017, 04:18 PM
 
1,807 posts, read 790,307 times
Reputation: 3029
Quote:
Originally Posted by Wordsmith12 View Post
- We own a corner unit that is on the top floor (2nd). We share one wall with an older couple whom we hardly ever hear, and there's no one above us.
I think your post would be very different if you had noise issues

I hope that I never have to live attached to other people again after a bad noise experience
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Old 12-05-2017, 11:32 PM
 
Location: Wasilla, AK
5,156 posts, read 2,700,811 times
Reputation: 10113
Quote:
Originally Posted by bookspage View Post
I think your post would be very different if you had noise issues

I hope that I never have to live attached to other people again after a bad noise experience
Someone just started a thread in this forum about the neighbors from hell who just moved in upstairs. Previous occupants were quiet. In all the years I've owned a house I've never had noise issues.
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Old 12-06-2017, 04:20 PM
 
88 posts, read 31,630 times
Reputation: 134
Default Response

I prefer a single family home. This is because condo ownership is very affected by variables outside the unit you own.

-Complexes have to have FHA approval, as a complex, to accept buyers with FHA loans. You get an FHA buyer and the complex isnít FHA approved, you canít sell to them. The same goes for VA. Different loan type, but same circumstances.
-A lender for a conventional loan may not approve a purchase if they are not happy with the complex books, savings, and community upkeep. They donít just look at your unit. They look at the health of the complex that is beyond your control. You could end up real estate trapped by a poorly run community.
-If a complex has too many rentals, conventional loan companies may deny the loan.
-Communities that are poorly run, operate on a shoestring budget so owners can have expensive cars and take multiple vacations, etc.

I loved having a pool, no yard work, and cheaper monthly expenses, but none of this outweighed what was bad. I will never go back to another condo.
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Old 12-06-2017, 04:23 PM
 
Location: Denver CO
17,592 posts, read 9,110,771 times
Reputation: 25415
I have lived in a condo before and liked it. I'm currently own half of a side by side duplex which feels like a single family - it's well built and I almost never hear my other side neighbors. I like it but it's a lot of work because I'm responsible for all of my own outside maintenance, I would just need to coordinate with the other half for a new roof or exterior painting, otherwise, it's all on me as far as my side goes. I anticipate downsizing back into a condo in retirement.
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Old 12-06-2017, 05:38 PM
 
822 posts, read 1,132,470 times
Reputation: 1081
Not condos. Nope.

I agree with many of the reasons people prefer condos to SFHs except .....

The Psycho Bat$#1+ Neighbor From Hell. Most people, Praise the Lord, will not encounter them in their fullblown psychotic frothing raving glory. They exist in various locations but if you have your own property with some space away from them due to real estate setback, you can keep them at an arm's length. If they share a common wall, floor, hallway, entrance or roof with you that is another story entirely. Or storage areas, gyms, playgrounds, sidewalks, recreational areas, parking lots, bus stops, gates or streets.

Experience, experience.

Last edited by ersatz; 12-06-2017 at 05:53 PM..
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Old 12-07-2017, 07:18 AM
 
3,017 posts, read 2,564,764 times
Reputation: 6063
I'm getting the sense that people who live in single family homes never have bad neighbors.
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Old 12-07-2017, 07:56 AM
 
Location: Raleigh
6,348 posts, read 4,733,492 times
Reputation: 8455
Quote:
Originally Posted by 1insider View Post
I'm getting the sense that people who live in single family homes never have bad neighbors.
Right???

I like my SFH. I like having my yard.

But I can see the benefits of the reduced maintenance, etc...Different strokes for different folks.

Personally, I would probably prefer a townhome to a Condo, simply because I don't want to walk from outside, to inside, down the hall up the stairs/elevator to my unit.
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Old 12-07-2017, 08:10 AM
Status: "US Dream Tracker : 66%" (set 15 days ago)
 
2,950 posts, read 1,553,401 times
Reputation: 2432
Quote:
Originally Posted by JONOV View Post
Right???

I like my SFH. I like having my yard.

But I can see the benefits of the reduced maintenance, etc...Different strokes for different folks.

Personally, I would probably prefer a townhome to a Condo, simply because I don't want to walk from outside, to inside, down the hall up the stairs/elevator to my unit.
The advantage though of condos over townhouses is the view, especially if in a skyscraper.
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