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Monday, February 1st, 2021

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Posted by: | Posted on: February 1, 2021

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┬áversus 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

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