{"id":237614,"date":"2023-03-23T03:04:14","date_gmt":"2023-03-23T03:04:14","guid":{"rendered":"https:\/\/mbaresidential.com\/real-estate-news\/reasons-to-consider-condos-in-your-home-search\/"},"modified":"2023-03-23T03:04:14","modified_gmt":"2023-03-23T03:04:14","slug":"reasons-to-consider-condos-in-your-home-search","status":"publish","type":"post","link":"https:\/\/mbaresidential.com\/real-estate-news\/reasons-to-consider-condos-in-your-home-search\/","title":{"rendered":"Reasons To Consider Condos in Your Home Search"},"content":{"rendered":"
\"Reasons<\/p>\n

Are you having trouble finding<\/a> a home that fits<\/a> your needs and your budget? If so, you should know there\u2019s an option worth considering \u2013 condominiums, also known as condos. According to Bankrate<\/em><\/a>:<\/p>\n

\u201c<\/em>A condo can be a more affordable entry point to homeownership than a single-family home.<\/em><\/strong> And as a homeowner, you\u2019ll build equity over time and have access to tax benefits that a renter wouldn\u2019t.\u201d<\/em><\/p><\/blockquote>\n

That\u2019s why expanding your search to include additional housing types, like condominiums, could help you accomplish<\/a> your homeownership goals this spring, especially if you can be flexible about the space you need. Condos are typically smaller than a single-family home, but that\u2019s part of what can make them more budget-friendly<\/a> (see graph below<\/em>):<\/p>\n

<\/a><\/p>\n

In addition to providing more options in your home search and possibly your price point, there are several other benefits to condo living. They tend to require less upkeep and lower maintenance \u2013 and that can give you more time to spend doing the things you enjoy. Plus, since many condos are in or near city centers, they offer the added benefit of being in close proximity to work and leisure.<\/p>\n

Remember,<\/strong> your first home doesn\u2019t have to be your forever home<\/strong>. The important thing is to get your foot in the door as a homeowner<\/a> so you can start building<\/a> wealth in the form of home equity<\/a>. In time, the equity you develop can fuel a future purchase if your needs change.<\/p>\n

Ultimately, owning and living in a condo can be a lifestyle choice. And if that appeals to you, they could provide the added options you need in today\u2019s market<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Are you having trouble finding a home that fits your needs and your budget? If so, you should know there\u2019s an option worth considering \u2013 condominiums, also known as condos. According to Bankrate: \u201cA condo can be a more affordable entry point to homeownership than a single-family home. And as a homeowner, you\u2019ll build equity […]<\/p>\n","protected":false},"author":1,"featured_media":237615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","iawp_total_views":0,"footnotes":""},"categories":[6],"tags":[],"dipi_cpt_category":[],"yoast_head":"\nReasons To Consider Condos in Your Home Search · MBA Residential<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbaresidential.com\/real-estate-news\/reasons-to-consider-condos-in-your-home-search\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reasons To Consider Condos in Your Home Search · MBA Residential\" \/>\n<meta property=\"og:description\" content=\"Are you having trouble finding a home that fits your needs and your budget? If so, you should know there\u2019s an option worth considering \u2013 condominiums, also known as condos. According to Bankrate: \u201cA condo can be a more affordable entry point to homeownership than a single-family home. 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