SHOWING ARTICLE 36 OF 591

Pros and Cons of Free-Standing vs. Complex: Making the Right Choice

Category Blog

Choosing between a freestanding home and a home in a complex (such as a condominium, townhouse, or gated community) is a significant decision that depends on individual preferences, lifestyle, and financial considerations. Each option comes with its own set of advantages and disadvantages, and understanding these can help you make an informed decision.

Advantages of a freestanding home

The obvious number one advantage is privacy. You have your own yard or outdoor space, an enclosed area that is all your own. This is ideal if you value solitude and personal space.

When you have your own separate home, you have more freedom to customise and modify your house as you see fit. You can renovate, expand, or redesign without the constraints of the rules that usually govern a complex, where everything falls under the decision of the homeowners' association.

With your own free-standing house, you invariably have a larger space, yard or outdoor area that you can use as you wish, such as gardening, landscaping, and any number of outdoor activities. This is great for families, pet owners, or those who love gardening.

Freestanding homes are typically quieter. Nobody uninvited should be invading your space. Usually walled and spacious, your yard can insulate you from a range of neighbourhood disturbances.  

Then there's the value aspect; freestanding homes often appreciate in value over time, and if you have more control over the maintenance and upkeep, you can contribute to that value through renovations, updating and general modernising and improvements.

 

Disadvantages of a freestanding home:

  • However, on the downside, you are responsible for all maintenance, repairs, and landscaping, which can be time-consuming, not to mention costly.
  • And there is a broader cost involved because invariably you will be paying rates, etc, on a larger space. Larger spaces require more heating, cooling, and utilities, which can often result in higher monthly bills.
  • In today's world, freestanding homes may be less secure than a complex and perceived as more vulnerable to break-ins compared to units situated in proximity with shared security features.

Advantages of a home in a complex

Part of the beauty of a housing complex Is that, whilst you pay a levy for services you don't have to worry about the general maintenance yourself. Landscaping, exterior upkeep, and even some interior maintenance are handled by the management of the complex.

Convenient amenities like swimming pools, gyms, community centres, and parks are provided without residents having to take the burden of maintenance on their shoulders.

An added plus is that utility costs are invariably lower as heating, cooling, and maintenance expenses are shared among residents.

One of the biggest attractions of complex living is always the greater sense of security. Most gated communities or complexes have enhanced security measures, such as monitored entrances and security patrols, which provide residents with a greater sense of safety.

A key plus that is not always mentioned is the fact that living in a complex is often less lonely. People are closer and amenities are shared, which means there is a greater sense of community and social interaction with neighbours as people tend to meet in common areas.

Disadvantages of a home in a complex:

  • But maintenance is not a choice in a complex - you can't delay issues as you can in a free-standing house and wait until you have the money. Monthly levies must be paid, and can be expensive depending on what upgrading plans the management has for the complex. So, there may be extra expense, and this may be increased over time.
  • Living in close proximity to your neighbours can result in less privacy, with shared walls and potentially noisy neighbours. In addition, complexes often have rules and regulations governing what you can and cannot do with your unit, which can limit your ability to customise your own living space.
  • You may have less control over the decisions made with regard to maintenance and repairs. Resale may present problems if there are certain restrictions on the selling of your unit, which can impact your ability to sell when you want to, or at the price you desire.

Ultimately, the choice between a freestanding home and a home in a complex depends on your lifestyle, preferences, and financial considerations. It's essential to weigh the pros and cons of each option and carefully evaluate what aligns with your priorities and long-term goals.

Leapfrog Property Group

Leapfrog Property Group offers a fresh and innovative approach to buying, selling, renting and property investments, ensuring the best property deals for clients across South Africa. Our agents are qualified, trained, experienced; our approach bold and spirited, driven by heart, generosity and honesty. It is our mission to advise,  eliminate obstacles and save you unnecessary expense. Trust is our watchword. And value our motto. Armed with our combined credentials, we are the bright face of excellence in the South African market. 

 

Author: Leapfrog Property Group

Submitted 17 Oct 23 / Views 3283