Why a Condo May Be a Great Option for Your First KC Home

Is affordability making it challenging to find your ideal home in the KC area? One option to consider as a first-time Kansas City homebuyer is condominiums, or "condos" for short.

These housing alternatives are typically smaller than single-family homes but can be easier on your budget. The latest data from the National Association of Realtors (NAR) reveals that condos are, on average, cheaper than single-family homes (see graph below):

Are you ready to purchase your first home? Would you be comfortable with a smaller space? The Just Say Home KC real estate team can help you add condos to your search and ease the strain on your wallet.

Expanding your housing options and decreasing expenses are only a few of the many perks of living in a condo. According to Rocket Mortgage“From community living to walkable urban areas, condos are great options for first-time home buyers and people looking to enjoy homeownership without extensive upkeep.”

So, what are the other benefits of condos for first-time Kansas City homebuyers? As Bankrate explains:

Less Home Maintenance: One of the main advantages of condos is that you will own your home without the responsibility of common home maintenance, such as mowing the lawn, shoveling snow, or fixing the roof. Your Just Say Home KC buyer's agent can explain any associated fees and details for the condos you’re interested in.

Growing Home Equity: As you make mortgage payments and your condo’s value increases over time, you will build home equity and grow your net worth. Purchasing a condo is a comfortable, affordable way to start building equity as a first-time homebuyer.

Added Amenities: Kansas City condos often have access to extra amenities such as a dog park, pool, or additional parking. The best part? You aren't responsible for any of their upkeep.

A Sense of Community: If you enjoy having neighbors nearby and making friends, you'll appreciate the sense of community living in a condo provides. KC condo communities are known for hosting fun events like barbecues and holiday parties for everyone to enjoy.

Remember, your first home doesn't have to be the one you stay in forever. As a first-time homebuyer, getting your foot in the door to gain home equity is essential. This equity can help you purchase another home in the KC area if you need something different in the future.

Ultimately, owning and living in a condo is a lifestyle choice. Does this housing alternative appeal to you? The Just Say Home KC Team can help you explore your options in today's Kansas City housing market.

Bottom Line

Are you a first-time homebuyer in the Kansas City area struggling with affordability? Consider adding condos to your home search. These smaller, less expensive housing alternatives can carry many benefits for first-time homeowners. The Just Say Home KC real estate experts will help you determine whether a condo is the right fit for you and walk you through purchasing your perfect first home.

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