For many people, buying a condo is the way to get into the real estate market. Let us take a closer take a look at some of the positive aspects to owning a condo.
Buying a Condo – Advantages
Condominiums come in a variety of styles. Some are simply flats which have been reclassified as condos. Others are much nicer with a real homey feel to them. Whatever your decision, there are some real advantages to purchasing a condo.
The first advantage to purchasing a condominium is the price. Simply put, a two bedroom condominium will almost always cost lower than a two bedroom home in almost every area of the country. There are luxury condo properties that trump this guideline, but there are conditions to just about every rule. Regardless, the lower price creates a good entry point for first time buyers into the housing market. The lower price equates to a lesser mortgage and thus makes it easier to get the finances together to take care of the purchase process. You can also hop on to http://45east22.com/neighborhood to checkout flatiron district condos.
The 2nd advantage to proudly owning a condo has everything to do with lifestyle. Simply put, do you have a green thumb? If not, a condominium is for you. You seldom have more than a little deck area as part of your condo. Other landscaped area is known as the common area and the homeowner's association has people to look after it. If you hate backyard work, a condo might be the answer for you.