Purchasing a condo is a good investment. In recent years, the majority of people are purchasing condos over a single family residence. Why are condos good investments? If you have been thinking about purchasing a first time home or condo and have been weighing the options, then you will see quickly why purchasing a condo is a great investment. Look below at the top reasons why condos are good investments and may even fit your lifestyle better.
Move In Ready
If you purchase a condo, then you will be purchasing a home that is move in ready. This is ideal for the buyer looking to move right in without much maintenance. Condos are an excellent choice for busy professionals or just not wanting to mess with the time and effort that goes with purchasing a single family home. The less time your waste the better your good investment.
Fewer DIY Projects
If you can’t stand the thought of any DIY projects or you are just not the handy person, then a condo is the perfect fit for you and good investment. There is very little maintenance required with a condo and if there is any it is limited to the interior only. The condo association fees will take care of any projects on the exterior of the condo, so you won’t have to deal with that. Also, there is no yard to upkeep and take care of, so this will save you time and money.
Close Knit Community
Purchasing a single family home will let you meet and know your neighbors, but there are more residents in a condo community, which means the condo community is close knit and your chances will increase. You can meet the community when you are coming and going to work, walking your dog, and getting your mail, which is great if you are social and looking to make new friends.
Save Money on Purchase
A single family residence costs more money than a condo and they often both have the same amount of square feet, in the same area, and in the same condition. You will save money purchasing a condo, which is ideal for those on a budget or first time home buyers. A good investment for first time buyers and retirees looking to downsize.
Added Amenities
The condo communities offer different amenities, but these amenities can make your life a lot more easily and of course more comfortable. Some of the condo communities have resort like amenities that include pools, fitness gyms and centers, and even a party room, so if you had to purchase each of these amenities separately when you purchase a single family home, then you will find the price to be very expensive.
Location
Location is always important to first time buyers and it is good to know that most of the condo properties are located in the best areas, which means you will be living in a wonderful