Home ownership has some drawbacks opposite from those associated with owning a condo. The homeowner is completely responsible for all maintenance inside and outside of the property, including care and upkeep of the yard and trees. When purchasing a house, you must also consider buying extra equipment and tools for maintenance. Even though any improvements will likely increase the home’s resale value, they require an investment of time and money, according to LendingTree. Another con is utility bills are generally higher, because houses have more space than condos.