Buying a home is a big deal, but buying the right kind of home can sometimes be just as difficult to figure out. Are you a townhome person or a single-family dweller? Perhaps condos are the best fit for your lifestyle.
In that vein, Prospect Real Estate lays out five of the benefits of condo ownership:
1. They can be more affordable
While housing prices in Austin continue to increase, condos offer an alternative that allows people to own real estate in some of Austin's most popular ZIP codes without paying single-family home prices.
2. They're in prime locations
Condos are often located in urban areas, close to entertainment districts such as downtown, SoCo, SoLa, or Rainey Street. Walkability is usually high, as is ease of getting around for cyclists.
3. They're low maintenance
Looking for a lock-and-leave lifestyle? Condos have it. Most upkeep is handled by the HOA, and communities often offer additional features and amenities such as a pool, community garden, fitness center, or pet park.
4. They're a smart move for first-time homebuyers
Not only are the price and down payment for a condo typically cheaper than those of a single-family home — plus the maintenance is a cinch — owning a condo opens up future investment property possibilities.
5. They're a great stepping stone
If you want to move from renting to homeownership before you're ready to own a standalone, single-family home, owning a condo allows you to build equity until you're ready to take the next step.
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Ready to take the leap into homeownership? Visit Prospect Real Estate's website to browse available listings or give them a call at 512-640-1881.
Condos are often cheaper than single-family homes.
