Choose the right "HOME"

Selecting the right home to fit your current and future needs can be challenging. One of the first decisions you'll make is how you define "home." There are many options including a single family residence, duplex, multiplex, condominium, modular or mobile homes.

Two of the most common choices are single family homes and condominiums. While this choice is based on personal preference, you should weigh the pros and cons of each first.

A single family residence is what you may expect -- a home suited for one family (not a duplex or multiplex) and all land within the lot.

A condominium is structured differently. Condominiums are multi-unit properties and often resemble an apartment complex. Each unit owner owns their unit and an interest in common areas that are shared with other unit owners. Common areas include swimming pools, roofs, elevators, walkways and any other areas shared by two or more people.

Proximity to Others
Condominiums are structured so that there are multiple units within one building. Oftentimes the only thing separating you from your neighbors is a single wall. Single family homes provide additional space between separating you and your neighbors with a yard.

Pros: If you are a social butterfly, enjoy meeting new people and want to build strong relationships with your neighbors, a condominium can provide you close proximity to multiple neighbors.
Cons: Depending on whom your neighbors are and what do they do, close proximity could cause problems. Does the guy next door play his drums at 2 a.m.? You'll want quiet neighbors when the only space between the two of you is a wall.

Single family homes provide additional distance between you and your neighbors. The space between can vary greatly from several feet to several acres.

Pros: Worry less about your neighbor's daily habits interrupting your quiet time. You can also feel more confident that your neighbors can't hear your every move.
Cons: It may be more difficult to develop relationships with neighbors when they are miles away. These relationships can come in handy when you need to borrow an egg, lawnmower or you need someone to watch the kids for a few minutes.

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