Asked by Jane Seymour, Tempe, AZ • Mon Apr 12, 2010
I've never owned a house before and was sure I was going the condo or townhome route until I started looking around and fell in love with a few homes in Tempe and South Scottsdale. What are the pros and cons of each? I'm used to renting apartments and having yardwork, etc..taken care of. However, if I buy a condo, are HOAs written in stone? Can they go up anytime and at any rate? I do like to travel a lot so please keep that in mind.
As for buying an actual house, one thing I fear is a ridiculously high water and electric bill. I already pay for it where I rent but I'm worried that if I buy a house instead of a condo it will cost even more to keep cool in the summer. I would love to hear your thoughts. Thanks.
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