Condo vs House Challenge: Maintenance Fees
Home ownership is one of the biggest milestones in life. It is a sanctuary and a place to call to your own. Home ownership isn't cheap however, there are maintenance and random fixes to be mindful of.
If you live in a condo, everything is very straight forward. A monthly maintenance cost is paid which includes the day to day costs to run the building, insurance, and even factors in future costs to replace the boiler/ elevator/ HVAC etc.
As for the house on the other hand, it is up to the homeowner to create a maintenance schedule. The roofs have a lifespan of about 20 years and putting up new ones are in the thousands. If you have a basement, be mindful of the foundation because during the rainy and snowy seasons, the basement could flood. A lot of these minor inconveniences to keep track of.