If renting has started to seem lame, it may be time to start picturing yourself as a homeowner. With rental costs high, it may be time to reassess if it is really worth delaying homeownership much longer. Chances are you are actually paying more in rent now than you would pay for a mortgage and homeowners association (HOA) fees combined. Sure, your future condo will likely be a bit smaller than a single-family home, but your monthly payments will be smaller, too. (Less space to heat and cool). Committing to a place can be nerve-racking, but it does not have to be. It might seem like renting is more affordable than buying, but it is only true from a short-term perspective. In nearly all the cases, people are paying more in rent than they would pay for a mortgage and condo fees. combined. And let’s face the truth: it makes more sense to pay for something you’ll eventually call your own. Now come and see what this opportunity can hold out for you. Buying a Condo is a Solid Investment! Aside from reasons already mentioned residential property keep on rising. Buying a condo seems like a smart investment. The most forward-looking persons, understand that buying property will pay off one day. As soon as it starts to feel like you have grown out of your little nest, you can move elsewhere and turn your condo into a rental.
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