Vol. 04 | Condominium's versus Single-Family's

Condos and single family homes all come in variety. A condo can range from 2 units to a 200+ unit building, it could be in a high-rise or a 2/3-family. Single family’s could be on a 10,000 sqft lot or only 1,100 square foot lot with a small fence separating you from your neighbor. A condo is much like buying stocks in a building. A single family you are in charge of everything, every little detail and every single bill. A condo you share decision and expenses regarding the building. With a condo you might not get that big of a say in decision making like you would owning a single family. Whether you should be looking for a SF or a Condo could be determined by the market you are looking in. For example…in 2017, Cambridge condo sales were 78% of total sales while single family was 11% so you might have a better chance of landing a condo in this area. In Natick however, SF had 65% of sales while condos had 32%. In South Boston, condo sales were 88% and single family 7%. Lastly, for my hometown people…Attleboro, 68% of total sales were single family and 20% were condos.