Wednesday, April 13, 2022 / by Flr Team
If you’re in the housing market, but struggling to find a single family home to buy, condos could be a great alternative. Here is why:
Adding condos into your home search could give you more options that will fit into your budget. But keep in mind that their average square footage and floor plans may differ from single family homes. According to Bankrate, condos are generally more affordable because they come with less space. You likely won’t have your own backyard, and the interior tends to be smaller than a single family home.
But if you’re ok with the size of a condo, it may also fit better into your budget. Data from the Space Coast Association of Realtors shows that the average median sales price for single family homes in Brevard County in February of 2022 was $335,000, with condos having a lower median sales price averaging at $265,000. Buying a condo is also a great way to get started in the market and start building equity that can help you buy your dream home later on in the future.
Owning and living in a condo is also a lifestyle choice. The amenities that condos offer can be very appealing. Plus, the communities often take care of exterior maintenance. No mowing your lawn or trimming hedges, pressure washing the driveway or having to lay out a few thousands of dollars for a new roof. You’ll have more time to spend doing the things that you enjoy.
Condos are a great option for many buyers. If you’re willing to consider condos in your home search, you could find something that’s in line with your target budget and lifestyle. Talking with an expert real estate advisor is the best first step to determining if condo living might work for you. So give us a call!
Florida Lifestyle Realty