Reasons Why You Should Buy a Condo Now

by The Rama Mehra Team

The market is definitely different from what we've seen the past years. 

If you've been searching for your next home for the longest time and still hasn't found the one, you might want to consider buying a condo. These are the benefits in doing so. 

1. You will increase your options. 

Considering to buy a condo will increase your home and neighborhood options

Have you been only looking at single-family homes for a while and you still get frustrated with the competition and the prices of homes? Consider looking at condos. This will give you more options to choose from. Not only your home options will increase, but it will also expand the neighborhoods you can choose from. 

 

2. It's more affordable.

Buying a condo is much more affordable than buying a single-family home

Another big perk of considering to buy a condo is that it's going to be easier on the wallet. To give you figures, for single-family homes, the median price is $363,800. And for condominiums, the median price is lower at $305,400. The money that you get to keep in buying a condo can be used to renovate your space to make it homier or buy furniture that would really speak your style. 

 

3. It's a great way to start building equity.

A condo will help build your equity and be a stepping stone in buying your next home

Time is a huge factor in buying a home. A house's value can increase over a short period of time. Buying a condo now that fits your budget can be your stepping stone in buying your dream home. A condo might not be the perfect home for your now, but it's appreciation will definitely give you a boost when you finally find and able to afford the home of your dreams. 

 

4.  It's low maintenance. 

Since a condo is smaller, the maintenance is more affordable.

This might just probably the best perk is owning a condo. It's much cheaper to maintain overall and you get more time to do more things that you enjoy. It will be faster to save up for that dream home while not having to worry about looking for a space for a good amount of time.

 

Open to buying a condo as an option? We're here for you! Call 925-415-0835 today to find out what condos we have available for you! 

 

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The Rama Mehra Team

Company | License ID: CA 02014153

+1(925) 415-0835

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