Monday, February 1st, 2021
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Should Your First House Be a Condo?
Whether you’re having trouble finding an affordable single-family home or you’re simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end.
Condos tend to come with lower price tags than single-family homes. They offer significantly greater independence than renting, but you aren’t on your own when it comes to maintenance and repairs. Plus, owning a condo gives you the chance to build equity you can use toward a down payment on your next home.
Those factors can make a condo a great starter home, though the condo lifestyle isn’t for everyone. If you’re looking to become a homeowner and are curious about buying a condo versus a house, here are some points to consider.
Pros of a condo vs. a house
More choices. Condos may be a relatively small slice of the overall U.S. housing market, but in