I am a single woman myself. When I sold my single family home, everyone told me I should go into a townhouse but I resisted, I wanted my own backyard and was willing to do the extra work in order to gain that benefit. Now, however, my children are grown and gone and the entire responsibility for all home maintenance falls solely on me. I am still happy with my choice, but find myself looking into hiring people to help around the house because I am so busy with other things. I often wonder if I made the right choice.
1. What do you prefer?
2. How long do you see yourself being a 'single man'?
In the Fort Totten/Catholic U/Brookland area there are some very good deals on condos if it would suit you, but you might be better off buying a SFH if there is a good chance you are going to settle down and have kids in the near future. Just my thoughts..
What appeals to you more? Would you rather have a small yard, or not have to do any yard-work? Do you like to make a lot of noise? Would you mind it if you had a condo and your neighbors were noisy? Ask yourself these questions before you buy anything.
I would say that a lot depends on the area you are looking at. For a first time home buyer, you want to get something that is big enough for you, but comfortably within your budget. You probably also want to find something where the value can appreciate over the next few years and you will be able to sell relatively quickly when you are ready.
Talk to a Realtor to get more information on homes in Fort Totten, but basically you want to make sure you are buying something pretty mainstream so that you will be able to move up or sideways in the future if your situation changes,
It depends your lifestyle, what you can afford, do you want to be within walking distance to things or do you want to have a yard? You need to think about these types of questions to understand what would work best for you. If you buy a condo now it doesn't mean down the line that you cannot sell it and buy a house or vice versa. There are homes within walking distance of the metro and other amenities but do you want a yard that would need maintenance?
Whether yoru first, second or tenth house, it is where you want tio live and how you want to live. Eother way your forst step should be to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know what price range you should be looking in.
Please see my nblog for tips on getting a mortgage
Good luck with your search