Consider a Condo as Part of your Home Search

Low inventory over the past few years has led to challenges for many buyers trying to find a home. If you are in a similar boat, you should be aware that there are other great options. Expanding your horizons by adding additional housing types, like condominiums, could help in your search and provide you with more great housing opportunities.

Exploring Condos:

One thing to consider is condos generally differ from single-family homes in average space and floor plans. But that size difference is one reason why condos can be a more affordable option. According to a recent report, condo buyers paid roughly 7% less for their home than buyers of other housing types last year.

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.

Condos can also be a great option for investment properties like Airbnbs.

Great Perks:

Boosting the number of options in your budget during your home search is just one reason to consider condos, but there are several other benefits to condo living.

First, they tend to require minimal upkeep and lower maintenance – and that can give you more time to spend doing the things you enjoy. Plus, since many condos are located in or near city centers, they offer the added benefit of being in close proximity to work and leisure. And lastly, condos are usually in developments where there is better opportunity for increased community and safety. Owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could give you the added options you need to buy your first home.

Adding condominiums to your housing search could be a great move. If you’re ready to search condos in your area, connect with our team here at Corken and Company today!