At one point, the typical condo buyer was younger, and perhaps buying this condo as their first home and using it as a steppingstone towards a house. But today, empty nesters and older couples hoping to downsize are also major condo fans. On the other hand, the typical house buyer wants more space, or more privacy. They want more leeway to personalize their home, and they can spend the time – and/or money – on maintenance.
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How to Prepare Emotionally for Buying Your First condo february 15, 2016 | By Contributors Author My First Apartment By Dan Bergman Buying a condo or co-op is exciting, but there’s also a deeply emotional element to the process, especially for first-time buyers.
whatever you can afford to get into the ownership market. depending on your area the house may have better re-sale appeal than a condo. However condos are hot on the West Coast and in metropolitan areas. If you can buy a house as a first time that would be great, that is if you can afford it. Good luck.
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Condos for first time home buyers can turn into investment properties down the line. When you’re ready to make the next move in your homeownership journey, you can decide whether to sell your condo or turn it into a rental property and add to your income stream.
Again, I’m writing from Los Angeles where that is likely the asking price of a condo. house shopping, try and get an idea of what your lender requires and act as soon as possible to get the money.
Buying a home? Here are Useful tips for the First Time Home Buyer.. The down payment is the cash amount you are putting down on the property. If you will be.
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When debating owning a condo vs. a house, first-time homebuyers must consider both finances and the pros and cons of shared services and facilities.
The above 10 tips for buying your first condo are all equally important considerations to make prior to closing! Buying your first condo can be a very exciting time and can be a relatively smooth process! By following the above 10 tips you will be very happy and comfortable in your condo, should you decide to go that route.