Reasons to Consider Condos in Your Home Search
Are you flexible with the space you are looking for? Do you want to consider amenities with your new home or an easy-to-care-for space? If so, you should know there’s an option worth considering, condominiums, also known as condos. According to Bankrate:
“A condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you’ll build equity over time and have access to tax benefits that a renter wouldn’t.”
Expanding your search to include additional housing types, like condominiums, could help you accomplish your homeownership goals this Spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that’s part of what can make them more budget-friendly (see graph below):
In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and maintenance – and that can give you more time to spend doing the things you enjoy. Many condos in the Kansas City area are in or near downtown, offering the added benefit of being close to work and leisure.
Remember, your first home doesn’t have to be your forever home. The important thing is to get your foot in the door as a homeowner so you can start building wealth in the form of home equity. In time, the equity you develop can fuel a future purchase if your needs change.
Ultimately, owning and living in a condo can be a lifestyle choice. If that appeals to you, they could provide the added options you need in today’s market.
It could make a lot of sense to add condos to your home search. If you want to discuss your search, connect with the Just Say Home KC Team today at 816-656-2816.