House or condo, which is better?

Real estate is a high-value asset and a life goal for everyone. However, between the two most popular types of property, "houses" and "condominiums," there's always the question, "Which should I buy?" Which is truly better? To answer this question clearly, we must first ask ourselves what our real estate purchase objectives are.

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Buying for Residence: Is a House or a Condo Better?

If we're buying for residence, a house offers the advantages of spaciousness, comfortable living space, and a more open and airy environment, allowing for family activities. It's ideal for living in a peaceful and private home with a large family. Condominiums, on the other hand, are less space-efficient, but offer the convenience of commuting and city living. They're ideal for singles or small families, etc. Clearly, houses and condos have their own advantages and disadvantages. Therefore, the question of which is better depends on your living plans. If your goal is to have a large family and a stable home, owning a house is a much better option than a condo.

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Buying Property for Investment: Is a House or a Condo Better?

If your objective isn't to live in your own home, but rather to invest, a condo may have more advantages than a house. It's easier to find a location with convenient transportation, meeting the needs of working professionals and city dwellers. At the same time, it has lower maintenance costs than a house. Furthermore, condos offer greater opportunities to find tenants or resale properties in the future, due to their lower prices and better location.

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Both condos and houses have their own advantages. Therefore, if we believe a condo offers a better living experience than a house, choosing a condo is the most appropriate choice for us. For investment, although condos are generally more suitable for rental and resale purposes than houses, if our target group for rental and resale is clearly a large family seeking peace and privacy, a condo may not be the right choice for this target group. Therefore, when considering purchasing property, knowing your purpose is crucial to help you find the right answer and make the most cost-effective decision.

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