With inventory rising, but still not up to pre-pandemic levels, it’s worth it to consider all the options that are out there. Perhaps you are also looking for a more affordable entry point to homeownership? Considering a condo in your home search could be the way to go my friends.
Think about it — it’s a more affordable option (YAY) and you will still be building that wonderful thing that is equity (also YAY), plus (yes, there’s more) you will have access to tax benefits that you wouldn’t as a renter. So many positives!
Expanding your search to include other housing types, like condos, can help you get on the road to your homeownership goals, especially if you are willing to be flexible about the size of your abode. Yes, condos can be smaller, but that’s part of what makes them more budget friendly.
But wait, all, there are even more benefits that condos offer. Having more options and a lower price point is awesome yes, but also consider that condos tend to require less upkeep and lower maintenance (if you are, say, concerned about the amount of upkeep a home requires). Plus, many condos are in or near city centers, so they offer the added benefit of being in close proximity to all the action.
We’ve talked about down payment assistance programs a lot, friends, and getting a foot in the door (literally, in your own home!) can get you on your way to building equity. By opening yourself up to a condo, you can build the wealth you need and upgrade to a larger space over time.
A condo could be an amazing choice for you! Let’s connect if you’re ready to check out the options in Las Vegas.