Which one is better- Free Holds Houses or Condos?

Most 1st time Home buyers particularly the new immigrants do not know the difference between Freehold homes and Condominiums. Some of them have an impression that all high rise buildings are condos and every one homes are freeholds. Some of them assume that each one high rise buildings as well as townhouses are condos and all Semi-Detached and Detached Homes are freehold.

But in actual observe even the semis and detached homes could be condos and even the townhouses could be freeholds and therefore the high rise building could be flat buildings and not Condos.

So the simple way to differentiate between condos and freehold properties are as follows:

The Condos perpetually contains a maintenance fee and therefore the freeholds haven't got any maintenance fee. Unlike freeholds the Condos may have some common elements like visitor's parking, kids Park, security, gym, pool, exercise area etc that are closely-held put together by all unit house owners.

Advantages of Free hold Homes-

• There is no maintenance fee.

• There is no management to manage or regulate any activities like: restriction on installation of satellite dishes; restrictions on changing the color of your outside door; restrictions on putting in a mailbox of your choice etc. And apart from that just about no changes could be done outside the units without the permission of the management in condos as anything outside the home is sometimes a part of the common elements.

• You can have closed non-public fences within the freehold properties.

• The free hold homes sometimes have wider roads and also the visitors will park their cars on the roadside. Wherever as in condos there are allotted visitors parking and also the cars cannot be parked on the roadside thus particularly on the weekend the visitors face lots of difficulties finding a parking.

Advantages of Condominiums-

• Security is one in all the key profit and most important part in condominiums

• The building insurance and water and waste- water bills are enclosed within the maintenance fee.

• In most condominiums particularly in condo apartments the utilities are included within the maintenance fee, thus you do not need to worry regarding the surprisingly high bills and may have a piece of mind.

• There are common components to enjoy at a lowest shared price like: door-keeper service, gym, pool, library, kid’s parks etc.