JUST LISTED!!!!!1663 S. Elizabeth St. Denver, CO 80210Listed By Kevin Fletcher, Realtor - Exit Realty Cherry CreekList price: $789,0004 Beds3 Baths2,209 Sq
5 Reasons Why A Condo Makes A Great First Home
Renting may be a more popular choice for millennials who simply can’t afford to spring for a home, but with rental costs where they are today is it still the better choice than opting for homeownership?
Rent has continued to increased at about twice the speed of wages. At the same time, the benefits of home ownership like home values that retain their pre-recession prices and even with the recent rate increases mortgage interest rates are still very attractive.
If you are a bit apprehensive with reguards to your financial ability to buy a house of your own, provided you have a good credit and a modest income, then you might be able to afford a condo. There are many kinds of calculators online that can help you project which condo price ranges are suited for you and your salary.
So, are you ready to commit to a new place you can call home? Here are 5 more reasons why investing in a condo is a great choice for your first home:
1. A Condo Is A Solid Investment
2. You Can Expand Your Social Opportunities
3. You Can Save Time on Traditional Home Maintanence
Living in a condo means that you can save time instead of doing outdoor and lawn chores such as trimming the hedges or mowing the grass. You won’t even need to start shoveling snow in order to get to work or the local mall! Homeowner association fees should cover all of that. Plus, living in a community property saves you precious weekend time to do something you love instead of participating in a weekend maintenance project.
4. You May be Able to Save Money
5. There Are Many Locations to Choose From
As mentioned earlier, living near the heart of a bustling urban city is more costly than selecting suburban houses farther out. You may not have much of a choice with a limited budget. You will have a broader scope of options with the same budget when looking for condos. That condo in college neighborhoods or downtown areas are still probably lower than a single-family home in the same location!
Once you find a condo you'd like to see, Call me and we'll go take a look.
Dave Evensen - Broker Associate / REALTOR® - (303) 877-6775
Dave Evensen is a real estate agent servicing Denver, Littleton, Highlands Ranch, Lone Tree, Castle Rock and surrounding areas. Dave attended Metropolitan State College and the University of Northern....
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