Should You Consider a Condo?

Looking for a place to call home? Perhaps it’s time to look into a condominium. It’s no secret that the current top stories in the real estate market are about low housing supply and high buyer demand. So if you’re a first-time homebuyer or considering downsizing, you may want to think about buying a condo. 

Trends indicate that condos are gaining popularity. In a report from the National Association of Realtors, the data shows condo sales increasing throughout the first half of this year. The benefits of condo living can be very compelling. Here are a few of the perks to help you consider whether a condo is right for you:

1. Affordability. The median price of a condo is $59,000 less than the median price for a single-family home. Condos could mean huge savings and a great opportunity.

If you’re a first-time homebuyer or considering downsizing, you may want to think about buying a condo.

2. Maintenance. Usually, the exterior of the building and things such as the landscaping, sidewalks, roof, and general cleanliness are handled by the HOA. If you’re looking for low-maintenance and a hands-off approach, a condo could be right for you.

3. Amenities. You could enjoy the value-added features of condos such as a dog park (Licorice’s favorite), pools, gyms, on-site security, and social gatherings to mingle with your neighbors.

If you’re looking to buy right now, you should think about whether condo living may be right for you. If you need any real estate help or have questions, give me a call or send an email. I’d love to assist you.