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House - most of the time, good investment. It's usually the plot of land that is the investment. Cons - expensive. I do not have issues with HOA on our place, and majority of the places I know, but I heard on USA, they can be quite a pain.
Townhome - too small for me. And A/C's are not common here. Less windows = hot. And I live on a hot climate country. Also, limited renovation options.
Condo - Sounds nice but isn't. Limited renovation options, limited ventilation, noisy neighbors, I do not know what will happen if the building permit expires and cannot be renewed (in our country, this usually means the building is 50+ years old and is on moderate to poor condition, usually means it has to be torn down. Rebuilding is on owner's discretion).
I would take a house over a townhome any day. I've lived in both. When you're in a town home, you hear the neighbors to the left and you hear the neighbors to the right. In my home I don't hear shit.
House is the best choice. If ever, choose a house nearest to the hospital, schools, and stores.
Yet I agree with the townhouse as well. I'm an extrovert, so I think it's good to have people by my side. In addition, in case something happens there'll be a witness. The only thing that I see as a deal breaker is the noisy and nosy neighbors. 🗣️
I lived in a condo before. Condos are expensive as well. You won't be able to monitor where your money goes. There are less privacy, lots of fee, and HOAs are crappy.
Opinion
10Opinion
I would rather live in a single family home. I like my privacy and do not want to be told that I can't hang an American flag on my front porch and I would hate to pay the monthly fees.
I own a condo and the cons for a condo is a lot of them have paper thin walls and if you have an annoying person living next to you on either side it's hell. I bought a condo townhouse where the stairwell is between my unit and the next door one
I prefer townhomes. That way no one lives above or below you.
You don't want a condo. I like having a yard, so a house is my preference.
Well, do you want your property to appreciate less in value? Do you want to have to deal with special assessments for repairs and having to deal with a lot of extra rules? Do you like legal complexity?
A friend of mine and his girlfriend live in a condo. She sits on the board because the last board president made sure her building got repairs but not the other ones in the complex. They constantly have people knocking on their door about all sorts of stupid drama.
A house is bigger and better and more expensive and it’s worth a lot more money when you sell it it’s top dog
House. I like my space and HOAs are a nightmare
Sharing walls with people can be something you can regret
Rather a house if affordable, no noise from other side of the wall or ceiling and can do repairs without getting permission
You will regret that HOA.
house if you can afford it
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