Determining if a house or a condo is right for you really depends on what you are looking for in a home and how much you could afford. If you travel a lot and don't have time for the day to day maintenance that a house requires, such as snow removal, lawn care, leaks, roof repairs, furnace replacements, etc. Then a condo might be best for you. You may be single and don't need or want a lot of space, consider a condo. Here are some pros and cons of condo life.
- Wide price range
- Generally cheaper than a house (depending on location)
- Some condos have 24 hour security
- Less maintenance than a house
- Built-in amenities, such as gyms, pools, party rooms, bowling alley's, tennis and squash courts
- Free parking and locker rooms for storage
- Monthly condo fees
- You may be paying for what you don't use
- Pet restrictions
- Many rules and regulations
- Less control
- Less privacy
Buying a house has it's fair share of pros and cons as well. If you have a large family, require a lot of space or maybe you have several animals that need a big yard to run around in. Then a house may be best for you. Location also comes into play when determining what you are looking for. Do you want to live in the city or in the country.
I have attached a few links that should make your search a little easier.
Condominium Buyers Guide Home
Hunting Comparison Worksheet