Do you Buy a Condo or Home at Lake of the Ozarks?
So, you are ready to make that jump and buy at Lake of the Ozarks? No matter if you are buying a second home or moving full time, you must decide what type of property you want. Are you leaning towards a condo or buying a home? Both have their advantages and disadvantages and Your Favorite Real Estate Team is here to help you decide which is right for you. In this week’s, blog your Lake of the Ozarks real estate team is going to lay out the pros and cons of buying a condo and home at Lake of the Ozarks.
Views
Let’s face it, we live at the lake for the water and you want to have a view from your new place. Condos here at the lake are mostly built on or near the water, so most will have great views of the Lake. Since you are only buying one unit in the complex, it will typically be much less expensive than a home with a similar view.
Privacy
Single-family homes will offer much more privacy than a condo. In a condo complex, you will typically have neighbors on at least one side of you. In a home, you might have neighbors, but their home won’t be attached to yours. So, keep this in mind as you are thinking of what type of property works best for you.
Making it Your Own
Just like other things you own, you want to make your new place your own. In a condo, you may be limited to what you can do. Yes, you will be able to paint the walls, update the kitchen, and replace flooring if needed. You will be restricted to the interior of the unit. If you purchase a home, you will have much more freedom to customize and make the place more personalized. You can add on, build a deck on the back, things that wouldn’t be possible in a condo complex.
Amenities
Some of the Homeowners Associations at the Lake have amenities that are available to the residents. Like swimming pools, lake access, and cable tv. These amenities are typically paid for through association dues. Most condo complexes here often have pools, and similar amenities and are available to all condo owners. Depending on the unit these amenities are included with the cost of the condo, or through similar yearly or monthly dues.
Repairs and Yard Maintenance
Owning a home comes with home maintenance. If this is a second home, or you are moving to the lake to retire, you don’t want to have to worry about maintaining your home or yard. This is where condo living comes to save the day. In a condo, you don’t have to worry about maintaining the exterior of the complex or the lawn.
We Can Help You Find the Perfect Property
This can be a tough decision to make. Luckily you have the best real estate agents at the Lake of the Ozarks to help you. We have a knowledgeable and trustworthy staff that is here to serve you. We work and live by the golden rule here at Your Favorite Real Estate Team. Let us help you find your Lake of the Ozarks dream home!
CONTACT ED SCHMIDT FOR ALL YOUR LAKE OF THE OZARK REAL ESTATE NEEDS
Ed Schmidt, REALTOR
752 Bagnell Dam Blvd. Suite A
Lake Ozarks, Mo 65049
Phone: 573-552-8177
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