Real estate purchase: house or apartment, the match of advantages and disadvantages
A small house on the meadow or a large apartment in the city center? A matter of taste but also of budget, each of its solutions having its advantages and disadvantages.
Rent or buy your main residence? The second solution is often the most financially advantageous in the long term.It remains to be seen whether you will take a single house or an apartment, a decision that requires careful consideration.
Weigh the pros and cons of the house
The single-family house is the dream of many candidates for real estate accession, even more this year with the successive confinements.The advantages of the single-family house are numerous.In addition to the possibility of being able to enjoy a garden, to have more space (112m2 on average compared to 63 m2 in an apartment according to a study by INSEE in 2017), having a house is the opportunity to be the only master at home.No need to seek the agreement of your neighbors to expand his house or converting the attic, provided of course that the local town planning plan of the municipality does not oppose it.
But sometimes, the single-family home is located far from the city center, requiring the purchase of a second car.The budget for home-work expenses quickly becomes excessive.According to the latest study published in the spring by the Automobile club association, for example, the annual budget for a Logan diesel exceeds 5,000 euros per year for 9,000 km traveled.
Maintenance and major work (roof repair, renovation, boiler) are also the sole responsibility of the owner of the house even if it is possible to benefit from a help from the State thanks to MaPrimeRenov '.
Another important argument is that the budget needed to buy a house can be higher than that spent on buying an apartment, depending on the desired geographic area.
Posted Date: 2021-01-05