So, you’ve decided to start your search for the perfect home—congratulations! This process, while full of new and exciting experiences, can be a bit daunting if you’re not sure which home type is appropriate for you and your family.
There are many options that can meet the qualities you’re looking for. Townhomes, condos, single-family homes, duplexes, row homes…the list goes on! Each of these home types offers certain features that can make a homeowner’s life easier, or make them wish they never moved to begin with.
Before you sell your current home and start packing up to move, ask yourself the following questions to get a better idea of which home type will fit your needs and wants.
Do You Mind Maintenance?
Taking care of a home’s needs such as lawn mowing, pool cleaning, and making sure the roof is in good shape can be overwhelming if you’re not knowledgeable about home maintenance or willing to put in the work. When you own a single-family home it is your responsibility to maintain it—you can’t call the landlord anymore and have a repairperson magically appear at no cost to you. Attached homes (condos, townhouses, etc.), on the other hand, usually always provide exterior maintenance so you don’t have to get your hands dirty. That means no lawn mowing or worrying about the pool if it starts to mysteriously leak.
Do You Want to Pay Homeowners Association Fees?
The luxury of having your outdoor (and often indoor) maintenance taken care of comes with a price. (You knew there had to be a catch, right?) Attached homes have many common spaces for residents that need to be maintained such as tennis courts, clubhouses, elevators, and landscaping. Because all residents share these amenities, all residents must pay homeowners association fees (HOAs). HOAs can vary greatly in price depending on how many total units there are. Typically if there are a lot of units, the HOA fee is lower because it can be divided up between many people. But if you live in a four-unit building for example, the fees might be too expensive for you to add on top of your mortgage payment.
If the thought of HOAs makes you want to run straight into a single-family home, don’t pack your bags just yet. Some single-family homes are located in planned communities that have dedicated amenities for its residents such as tennis courts, walking trails, and pools. In order to use these amenities, homeowners have to pay—you guessed it—HOAs. However, the HOAs in these communities are often less than in attached homes because there is less maintenance offered to individual owners. So if you really want to stay away from paying additional HOAs, make sure the single family home you choose doesn’t have community amenities you’re going to have to pay for.
Do You Like to Follow Rules or Make Your Own?
Along with paying HOA fees, attached homes can come with other requirements you may or may not enjoy. Residents usually have to follow rules that are decided on by the HOA board, such as if pets are allowed in units and how a home can be painted or decorated on the exterior. If you don’t like to be told what you can and can’t do to your home, then an attached unit probably isn’t for you. But if you don’t mind some uniformity for the sake of a happy community, then you will fit in just fine.
Do You Mind Sharing Walls With Neighbors?
If you’ve ever lived in an apartment or owned an attached home before, then you’ve most likely had to deal with inconsiderate neighbors playing music at all hours, throwing parties, or grumpy dogs that bark incessantly because of the proximity of your living spaces. Sharing walls is tough when you want peace and quiet, and the possibility of lousy neighbors is a risk you take in attached homes. Single-family homes can be next to bad neighbors as well, but the effects are more tolerable if you’re not sharing walls.
If you like being part of a close-knit community, or feel safer with other people living next to you, then an attached home could perfectly suit your needs. But before you purchase an attached home, make sure living in close proximity to other people is a factor that will make you happy and not annoyed.
When you’ve decided which type of home is the right fit for you, The Adler Home Team can find one that meets all your needs!
About the Adler Home Team
When looking to buy or sell in Northern New Jersey, you may rely on The Adler Home Team and their intimate knowledge of the distinct communities throughout the region. Jeff and Debby Adler continue to lead with contribution and have served more than 1,100 families in their 20-year experience in Northern New Jersey. Through their combined efforts, this team of eleven professionals is very diligent in serving a full array of clients from first time buyers to those seeking their expertise in Residential, Condos, Townhomes, Luxury, New Construction, Relocation, Short Sales, Foreclosures and Rental Properties. By accessing the very best in technology, current market data and creative marketing applications, The Adler Home Team takes every measure to ensure that their clients are educated and provided with the critical insights that meet their specific requirements. They teach, lecture and train at the national level on negotiation skills, marketing and team building. The Adler Home Team is most proud and thankful for their strong referral business that confirms their talents, creativity, professionalism, diligence, knowledge, and outstanding integrity.
The Adlers look forward to forming a partnership with their clients to help them reach their goals and make smart business decisions. So, when it comes time for you, a friend, or a family member to make a move, trust the Adler Home Team to win for you. Google View all posts by The Adler Home Team →