Have you thought about making the leap into real estate ownership? If so, now is the perfect time to start with purchasing a condo in Houston. Condos are a great way to dip your toes into the world of real estate ownership. Here are 5 reasons why you should consider purchasing a condo.
Condos are a Great Investment
In a market where single-family homes are often too expensive for the majority of people to purchase, condominiums are most often a good investment. In some instances, condos can even appreciate at a higher rate than houses. Those who rent don’t get to realize this value, but those who put a stake in the ground with home ownership do. Buying a condo in a new development means that your home will most likely increase in value. What you pay for the property now will command more later, assuming that you sell it in when the real estate market is at equilibrium or “hot” and not during the inevitable cyclical and downturn.
Condo Demand is Likely to Increase
This demand is expected to drive prices up in the coming year since people of all ages are attracted the exciting urban lifestyle that condos provide. It is a statistical evidence that there are more and more households without kids living at home in America and this clientele is strongly attracted to condo living and less time wasted in traffic – as opposed to large single-family homes in the suburb. Furthermore, as price of homes across the USA is rising faster than income, condos attract a growing clientele because it often represents the only affordable option for those who wish to live in sought-after neighborhoods where single-family homes are out of price.
Condos are Convenient
Living in a condo means you have little to worry about when it comes to maintenance. There’s no lawn to mow and no weeds to pull. All lawn maintenance is included in the homeowners’ association feeswhen you live a condo, as is pest control, and many other services. This is a sharp contrast compared to what is covered in home owners’ association fees when you live a townhome or a single-family home. You can see the differences below.
Condos Offer Lots of Amenities
Condominium living can be glamorous, especially when you buy a condo in a building that has been designed with panache and flair. Have you seen the latest trends in kitchen design? European kitchens are one of the most popular designs. They bring a modern convenience to condos, with minimalist and sophisticated styling. If you decide to invest in a brand new condominium home, you get to choose your own favorite interior packages for cabinets, flooring, countertops, backsplashes, ceramic tile, etc.
Condos Come with a Built-in Community
Having common areas help to create a sense of community. Green spaces, pools, social rooms, business centers, dog parks, sport courts, and outdoor seating are commonly included. Condominium living provides the opportunity to socialize and find common ground with others who have some of the same interests. You may be surprised to learn that many people who live in a single-family home don’t even know their neighbors.
This is not so when you live a condo. Condo living provides opportunities for networking, outings, and cause-related events. These opportunities get people together, help those who are new to the area assimilate, and add an overall strength and positivity to the neighborhood.
Be a part of the exciting world of home ownership by working with Surge Homes to find your perfect condo.