Buying a condo as opposed to a single-family home can be an excellent real estate option for both millennials and baby boomers alike. Owning a condo provides many of the same benefits as owning a single-family home, such as building equity and receiving tax incentives. There are some important things to consider when you’re deciding between buying a condo and a home, however, which we’ve outlined for you below.
Pros of Buying a Condo vs. Buying a Single-Family Home
For young individuals entering the real estate market for the first time, coming up with the down payment and getting qualified for a loan are just two pieces of the home ownership puzzle that can seem overwhelming. Buying a condo instead of a single-family home…