• kitnaht@lemmy.world
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    1 day ago

    With a house, since its yours, it’s pretty easy to get a home equity loan and deal with that cost over time.

    Can you equity loan a condo?

    • grue@lemmy.world
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      1 day ago

      With a single-family house, you can also choose to DIY (especially since the scale is typically smaller), or make cost/quality trade-offs without having liability to your neighbors or being beholden to their opinions on what to do.

      • atempuser23@lemmy.world
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        1 day ago

        Weird to say but yeah you can do unpermitted and subpar repairs with more ease on a property you are sole owner of. Harder to pull that off in a multi owner unit.

        • Alexstarfire@lemmy.world
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          21 hours ago

          That’s not what they said at all. You can DIY stuff and still get it approved by the city/county.

          • Cort@lemmy.world
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            17 hours ago

            Yes it is. Grue is talking about quality trade-offs. Literally sub-par work

            • AA5B@lemmy.world
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              6 hours ago

              I own a single family home with a kitchen that needs work. I can choose laminate countertops to save money, even though that is lower quality than is common to the neighborhood.

            • nomous@lemmy.world
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              12 hours ago

              Or cost trade offs, not necessarily sub-par.

              I can do fantastic siding and tile work personally and would be exceptionally hesitant to pay someone to do it. My FIL has done concrete work for 30 years, why would I pay someone to do it?