Is a condo a good way to start out?

If you are just starting out in life and you are not sure if you want to buy a home because you are also unsure where your career will land you, and you don’t want to throw your money away on a rental, there are other ways you can go with out throwing away your money.

Condos are a great way to start out; you won’t be wasting your money because you can always sell it if you decide to move.

We will go over the benefits of starting out with a condo.

Condo

2They have all kinds of different types of condos with some great floor plans. You can see them at www.perlacondo.ca. If you are just starting out and you don’t have any kids but want some in the future, then it would be wise to go with a two bedroom condo. This will give you the extra room just in case an addition should arrive in the family; you can even use it for a guest room for when you have friends and family visit you. The only reason you should ever go with a one bedroom is if you are retired.

Cost

With you just starting out, you should never commit to a huge house payment because you don’t know where your career will take you. If you know that you want to spend the rest of your life in that area, then buying a home would be an excellent way to go. With a condo, you don’t have to worry about that huge loan and a 30 year pay off.

When you buy a condo, it can only be for up to a 15-year loan.
Young couples don’t really know what they want until they start having kids and finding that career that they have always wanted. With a condo, it will give you the freedom to leave if you are given a good opportunity, and you will be able to sell and get your money back and even more.

City living

3Most condos are in the heart of the city, and that is perfect for young couples. Everything is right on your doorstep. Some have a mall under them, so you don’t have to go far to enjoy the city life. With young couples just starting out, having restaurants right outside yourdoor step is a major plus.