Before many people buy an actual house in Boca Raton, they try their hands at condo living for a bit. But is renting or owning a condo a wise move? RealEstateShowcase.com can help you determine whether living in a condo is suitable for your lifestyle, and also help you with finding one that fits your needs. You can either contact us at (561) 408-6226, or visit us in person: 2701 NW 2nd Avenue Suite 112; Boca Raton, FL 33431.
Why should you invest in condos for sale in Boca Raton?
Lower Down Payment
First-time home buyers in particular have a challenge when it comes to putting down a down payment. They do not have a previous property sale to supply them with income to do this, and many are young or in the early stages of their careers. As a result, opting for a condo with a low required down payment can make the process more affordable. On the other hand, an older couple looking to downsize or retire will also benefit from a low down payment.
Property Sales Value
The sales value of a condo can be driven upwards due to improvements to and the desirability of the general condo building. As a rule, condos in small buildings are less affected by bubbles and busts in the housing market than are condos in big buildings. However, even condos in large complexes in Boca Raton can present great property sales value if there are not many other units for sale at the time you prepare to sell. That is because you are offering a chance to buy into a building where few opportunities exist. You will be rewarded with a more competitive market and higher prices.
Amenities and Benefits
While you do have to pay homeowners' association fees in order to receive many benefits of condo ownership, these fees represent only a fraction of the cost of your total benefits.
Lower Utility and Maintenance Fees
The cost to maintain a small property is much lower than the cost to maintain a large property. Even in relatively large condos in Boca Raton, you are not paying for items such as your roof, windows or driveway. While these costs do come out of your HOA fees, you are again sharing the cost with a number of homeowners. Further, it is less expensive to heat, cool, furnish and clean a condo than a large home.
Contact RealEstateShowcase.com if you are considering buying a condo. One of our expert staff members is waiting to help you find condos for sale in Boca Raton. Give us a call today!