Buying your first home can be an incredibly exciting time, but can become overwhelming. One major decision is the type of home to purchase. There are a number of options available, and determining which one is right for your lifestyle can be tricky. For many first time buyers, opting to buy a condo over a house can be the best way to go, as it offers many of the same perks as owning a house, with fewer drawbacks and financial risks.
Condos Often Have Better Value
When looking at your first home, you may not be overly interested in the size of the surrounding property itself, preferring to focus on the number of rooms and size of the living space. In many cases, condos will offer you more for less, when compared to a house, in terms of the number of rooms and the size of the living space. In addition, condos often offer amenities that would be out of reach for the average first time home buyer in terms of cost. Access to special features like a pool, tennis court, and exercise room are often all included in your condo fees, helping to make your investment into your first home stretch even further.
Condo owners don’t need to worry about cutting the lawn, weeding the garden, or taking care of the exterior of the property. For many first time buyers this is an incredibly big perk of condo ownership. This frees up more of your time to focus on things that are important in your life, or just to relax after a hard day’s work, without the need to worry about landscaping or raking up the leaves in the fall. For a person with a busy life and packed schedule, condo ownership can offer the perks of owning a home without any of the time-sucking drawbacks.
Condos are often located in areas that are prime locations; areas where purchasing a home could be significantly more expensive or less practical. Appleby Gardens Condominium, for example, offer easy access to shopping and culture without the need to hop in the car and drive down from the suburbs. It can also work out to be cheaper in the long run, saving yourself the cost of gas, parking, and wear and tear on your vehicle each time you want go shopping, meet your friends, or head out for dinner. Young professionals in particular can get a lot of value out of owning a condo located in these areas, as they can easily get to and from work, and can head out for a night on the town without needing to plan their ride or transportation far in advance.
Condos Are A Good Investment
Condos are a great investment into your future, the same way a house is. You can build equity in your condo, just as you would a house, and you can buy knowing that the market for a good condo is only improving. In addition to being able to sell when the time comes, you can also consider subletting or renting the condo out.
For new condominiums for sale in Burlington, or to learn more about how a luxury Appleby Gardens Condominium is your ideal first home, contact us online or by calling 1-877-885-0284.