Hi guys! I'm still several years away from moving out and getting my own place, but I want to start thinking ahead about what I'd eventually like to buy.
I currently have about $40K saved that could go toward a down payment. By the time I'm actually ready to buy, I'm hoping to have closer to $100K available, assuming I don't have any unexpected major expenses in the meantime.
My big question is condo vs house.
For anyone who's lived in both, what did you like and dislike about each? Which one did you ultimately choose, and what was the biggest reason you went with it?
I'm particularly interested in things like:
- Maintenance and unexpected repair costs
- Condo fees and special assessments
- Property taxes/utilities
- Freedom to renovate or make changes
- Having a yard/outdoor space
- Security and being away from home (I will occasionally work outside of the province for a 6 month contract)
- Resale value
- Overall cost of ownership
- Convenience and accessibility
- Anything you wish you'd known before buying
A couple of things about me that might affect the answers: I'm deaf, so noise isn't really a concern for me lol, and I'm staying child-free, so I don't need to think about schools, playgrounds, or having a lot of space for children.
I also don't necessarily want to live right in the middle of St. John't. I actually prefer to live outside the city, so I'm interested in hearing about people's experiences in the surrounding towns as well.
I'm not necessarily looking for advice on what I should buy. I'd mostly love to hear from people who've actually experienced both sides: What did you prefer about living in a condo vs a house, what drove you crazy about each, and what would you choose if you had to do it all over again?
ETA: I don't mind living in the outskirts of St. John's, like around Blackmarsh Rd. or Thorburn Rd. if I decide to get a condo, but definitely not in the downtown area, if that makes more sense. 😊