Should I Buy A House Or A Condo In Cambridge? | Centers And Squares

Welcome to Centers and Squares

As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Should I Buy A House Or A Condo In Cambridge?

Houses vs Condos In Cambridge

Houses vs Condos In Cambridge

When you’re thinking about buying real estate in Cambridge MA or nearby one of the first things to consider is whether you want to buy a house or a condo.

Condominiums are a well established part of the real estate market in Cambridge.  There are far more condos available than single family homes.  How to decide to what’s right for you?

Prices of Condos vs Houses In Cambridge

In Cambridge price is often the most important factor that determines whether you’ll focus on condos or single families.  The median single family home price in Cambridge last year was $860,750. By comparison, the median price for Cambridge condos was $425,000.

The condition and level of renovation you’re hoping to find in your new home will also influence whether you buy a house or a condo. At any price point you’re likely to get a more renovated condo than house. 

Price aside, what else should you think about when deciding if a house or a condo is right for you? Much has to do with your disposition and what makes you happy when you come home.

Single family houses may be right if:

You’re the independent sort – you’d rather make your own decisions and make your own choices about how to spend your money

You want a yard – you’re more likely to find your own private yard with a house

You want more space – a house with a cellar, perhaps even an attic, will typically give you more room to spread out

You want more privacy – you’re happiest without neighbors above, below or beside you.

Condos may be the choice for you if:

You’d rather share the responsibilities of home ownership – Owning a condo isn’t the same as renting – there’s no landlord to call – but even in the smallest associations you have fellow owners to share upkeep and maintenance projects.

You don’t want to think about yard work, exterior maintenance, etc – In larger associations there will be a board of trustees, a management company, perhaps even full time staff. You won’t have to be involved in the day to day responsibilities at all.

You’re away from home a lot – If you travel or work long hours there’s a certain comfort in knowing that there are people back home who might notice if something is amiss.

Categories: Buyer Info

Leave a Reply

Copyright © 2008 - 2011 Centers And Squares     Agent Login     Design by Real Estate Tomato     Powered by Tomato Real Estate Blogs

Real Estate Tomato