Thursday, July 30, 2020 / by Lindsey Gudger
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Have you ever wondered if owning a condo is a good investment for you?
Condos require much less maintenance than single-family homes. Your homeowners association will handle the essential things such as roofs, siding, windows, yard work, some utilities, and budget planning. Also, purchase prices for condos are much lower than single-family houses, making homeownership easier for you.
If you worry about security or being all alone, condos can offer a wonderful location. Most have secure lobbies and garages for extra layers of protection. Having neighbors close by means someone is always there in the event of an emergency, or if you need to borrow a cup of sugar.
If you plan to build wealth with real estate, starting with a condo can be an excellent first step. Most condos allow you to rent out your unit when you’re ready to move up, and you can purchase your next investment knowing your monthly HOA dues will cover the long-term care of your growing estate.
If you have further questions about owning a condo or real estate in general, please reach out via phone or email. I would be happy to help you.