As a first-time homebuyer, you might be wondering if it’s a good time to purchase a condominium. In fact, this article will discuss several advantages of condominiums. They are much cheaper than houses, are easier to buy, and usually require little down payment. Let’s look at each of these pros and cons. Then you can make your decision and move toward your new place!
Good investment for first-time homebuyers
If you’re a first-time homebuyer, it can be a daunting task to save for a down payment and closing costs. The up-front cost of a home is huge, and many lenders require an emergency fund of three to six months’ worth of living expenses. It’s also essential to have a safe savings vehicle that can keep up with inflation. Here are some tips for first-time homebuyers:
Start saving at least a year before you buy. Depending on your credit score, it …