Have you been thinking about buying a condo or a house in Knoxville? Perhaps you love the suburbs and want that house on a corner lot with a big porch and yard. Or maybe you’re a city person who wants to be right in the middle of all the downtown action. Understand that there’s not just one correct answer to this question. It all comes down to personal preference and budget.
Whatever your preference, there is something right for you here. However, we’ll weigh the pros and cons of each to help you reach a better decision.
If you plan to buy a condo or house, you will also need to decide if you want to live in the suburbs or the city. If you prefer city living and nightlife, a condo could be the right choice. However, if you prefer a home with more bedrooms and a large yard, maybe purchasing a home is your best option.
A house can be intimidating for first-time home buyers. Many people opt for condominiums, especially busy people, couples without kids, seniors, and frequent travelers. You should look into condos if you want to live in a place of your own but do not wish to be bothered with exterior maintenance.
If you’re looking to start a family or already have one, buying a house can be great. It will offer more room for storage, a yard for the kids to play in, and other stuff. Condos may have shared storage units, but you will have to deal with the limited space. Knowing some storage hacks is essential when you live in a condo.
When it comes to regulations, single-family homeowners have more control. Unlike many condo owners, they can paint their exterior any color they like and add features. However, in a condominium, you may have to get the condo association’s approval before making any changes to the property.
Parking can be a huge problem when there isn’t a designated garage or if parking is on a first-come, first-serve basis. A single-family house is a better choice if you like having a private garage. However, if parking in an open area or an underground structure isn’t a major concern for you, a condo might suffice.
Any home purchase should be something that your family can enjoy for many years. As with most investments, it all comes down to what you want out of your home and how much you can afford.
And as we likely haven’t answered every question about buying property here in Knoxville, feel free to contact us with any additional questions you may have. We’ll reach out personally and promptly.
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