Condo management Boston: Why your first home should be a Condo
Renting is more expensive than buying because you don’t end up owning the home towards the end of the tenure. This is why it is important to buy your own home even if it is a condo. These are the following reasons why you should opt for a condo if you are unable to afford a proper home.
You can probably still live in your favorite neighborhood
This allows you to live in your favorite neighborhood instead of a bigger family home. They will be within your price range and you won’t be so far from the popular neighborhoods in your city. This is more likely if you are the sort who wants to do something exciting.
You’ll save money
Rent will always be more expensive than a mortgage and HOA fees. It doesn’t matter if the condo is smaller than your single family home but at least your monthly expenses and payments will be less. There is also a smaller requirement for maintenance and you won’t have to be bothered by that.
Condo Management Boston: You’ll save time
Not only will you save time on commuting to all the places but you will be able to have access to the communal garden and plan barbecues without having to do anything about the keep (Except paying for the maintenance fees through the HOA). So thank your lucky stars that you can have more time for yourself.
You’ll make new friends
It will be easier to make friends in the building if most of them are young professionals, grad students or young families. So this is the golden opportunity for you to make hay while the sun shines and makes the most of your new life in a condo.
You’ll have a solid future investment
You should always check and see if you can rent out your condo a few years down the line. Some HOAs don’t allow it so you should not put in the offer if that is the case. In the event that you are allowed to do that then you should always take that offer and make some extra cash.
This is why you should opt for a condo instead of renting your own place. At least you will get a lot of benefits and eventually you will be able to afford your own home in the future.
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