Is A Condo A Good First Home

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Does a Condo Make a Good First Home? - NewHomeSource

    https://www.newhomesource.com/learn/condo-first-new-home/
    Like a single-family starter home, condos are an excellent first step into homeownership, giving buyers a chance to obtain a mortgage and become homeowners at a lower cost and with less responsibility than a single family home purchase. First time buyers who don’t consider condos are doing themselves a …

Why you should consider a condo as your first home Readynest

    https://www.readynest.com/homebuyer-stories/why-you-should-consider-a-condo-as-your-first-home
    Buying a condo as your first home means getting a mortgage loan, and a mortgage means paying a down payment. Living with his parents for a while helped Adam save for a down payment, but it wasn't a huge hurdle. He chose to buy a condo in a smaller city to bring down the cost of ownership, as well.

When Does a Condo Make More Sense as a Starter Home ...

    https://www.homes.com/blog/2019/01/when-does-a-condo-makes-more-sense-as-a-starter-home/
    Jan 07, 2019 · Pros of Buying a Condo for Your Starter Home A condo is partly like a home and partly like an apartment. You can purchase a condo outright like a home, but you live in a multi-unit building, like an apartment. For some people, buying a condo as their first home has advantages.

Pros and Cons of Buying a Condo or Townhome as a First ...

    https://www.newhomesource.com/learn/pros-cons-buying-condo-as-first-time-buyer/
    Most of the cons of buying a condo or townhome as a first-time homebuyer stem from a financial system that can have more layers than what’s associated with buying a single-family home. There can also be some issues with sharing walls with neighbors.

Your First Home: a Condo, or a House? Invest It Wisely

    http://www.investitwisely.com/your-first-home-a-condo-or-a-house/
    A house generally offers much more space than a condo, giving you room to grow. A house is usually located in a much quieter location than a condo, which is a plus if you like peace and being close to nature. No condo fees, or unexpected assessments! No …

Condos: What They Are, Pros & Cons, And More Quicken Loans

    https://www.quickenloans.com/learn/condos
    Sep 19, 2020 · Generally speaking though, a condo complex can be wonderful for young first-time home buyers or retirees, but it’s usually not ideal for people craving more privacy and autonomy. Ultimately, it comes down to your lifestyle and your list of must …

What Is a Condo? Condo vs. Apartment vs. House, Explained ...

    https://www.realtor.com/advice/buy/what-is-a-condo/
    Sep 29, 2020 · Price: Condos are usually more affordable than a house, and are thus great starter homes for younger home buyers. To figure out how much you can realistically spend, try using an online home ...

Condos vs. Houses: Which Is Better to Buy?

    https://www.thebalance.com/condos-vs-houses-what-is-the-difference-4156419
    Mar 22, 2020 · Comparing Condo and House Prices . A fair cost comparison considers the amount of a condo's association fees upfront and adds that sum to the total cost of the house or condo. For example, an association fee of $250 monthly is comparable to an additional $50,000 on a 30-year mortgage with a 4.5% interest rate.

3 Reasons to Buy a Condo – and 3 Reasons to Beware Real ...

    https://realestate.usnews.com/real-estate/articles/reasons-to-buy-a-condo-and-reasons-to-beware
    Jun 26, 2020 · The cost of a condo versus a house depends on the size of the home, the property values of the neighborhood and the cost of living in the area. …

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