As a first-time homebuyer, you have options. You can choose from a single family home to a townhome or a condo for your first official residence. All you have to do is figure out which one suits your lifestyle best. If you’re leaning more toward a condo, you’re in luck because we’re here to share the benefits of buying a condo.
Did you know condos may be more affordable than single-family homes? According to National Association of REALTORS® 2017 reports, the median price for single-family homes is $248,000 compared to $234,000 for condos.
The less hassle approach
Let’s be honest, condos can be easier to take care of. If you want to enjoy your home without the hassle of having to mow the lawn, fix damaged shingles or other unwanted repairs, you can do so with a condo.
The homeowners association (HOA) handles landscaping and upkeep, so you have more time to relax and enjoy your home. Want a HOA cheatsheet? Here are your HOA tips and tricks to live by.
Give me all the amenities
One of the biggest perks of owning a condo is the sense of community. And with a community comes amenities, usually free of charge amenities like pools and gyms.
Take advantage of them and maybe you’ll become friends with your next door neighbor who also works out on Tuesdays. Now, you’ve got a workout buddy and you get to enjoy the included facilities, win-win.
Walk the walk
It’s easier to find a condo in the city — hello culture — within walking distance. Your favorite Italian restaurant is now right around the corner from your condo, so you can have pasta every night of the week.
Having grocery stores, restaurants and possibly your work building within walking distance saves gas money, is eco-friendly and talk about a workout.
If everything we’ve said so far sounds like a dream come true for your city dwelling lifestyle, then a condo may be right for you.
Learn more about Movement condo loans here.