Is a condo a good starter home?

young couple as new condo owners

Most of us have our own dream house, it could be grandeur or a simple home depending upon our lifestyle or in the status of our life and the choices that we make but at the end of the day it should be called as our home. For first time homebuyers, you probably think that it should be affordable and suited to your taste but there are some who have a high standard when it comes to building their own home.

Considering a condo unit as your first home is a great choice. Condominiums possess valuable characteristics that a house or a home should have. Condo is a more affordable option and cheaper rather than buying a housing unit. In some areas, condos priced are a bit lower than a single family house which is definitely a good starter for families. Condos are truly for single family homes.

As a first time buyer, you want your first home to be cost efficient, neat, aesthetically pleasing, and affordable. Nothing is much more beautiful than going home after a long day of work and just sit back and relax in the comfort of your own home.

7 things that makes condominiums a good starter home

Whenever you feel ready in buying your own home, if you are asking if is a condo a good starter home here are the 7 benefits of investing in condos for first time home buyers like you that wants to consider themselves as a condo owner in the future.

1. Access to amenities

Fancy amenities are available to condo residents, but not to homeowners. Due to expenses or limited space, something like a gym or a pool could be too impractical for a home. Tennis courts, golf courses, and even beaches are common amenities offered to condo dwellers. Although you’ll have to contribute to the maintenance of the amenities, you’ll have access to incredible amenities that you wouldn’t otherwise.

2. There is a Friendly Community

In a condominium, your neighbors will become familiar to you soon. If you’re sociable, you’ll appreciate having the option of meeting someone nearby for coffee. Everyone takes pride in the complex because they all help to maintain it. This indicates that the neighborhood is a great place to live.

3. They are secure and safe

Condominium developments are typically relatively secure because many have on-site security and management personnel available 24 hours a day. When the nearby condos are vacant, other neighbors often keep an eye on them.

4. Low down payment

Many condo providers offers a low down payment which most people easily get caught by this kind of advertisement that has a big impact to them. You can consider Asterra as your condo provider that offers affordable condo units for those people who just moved out into their parents house or to some who consider to building their own family which it could be a great starter homes.

Asterra offers low down payment rates for first time buyers like you and offers good services to condo owners.

5. Customization inside your home

Owning a condo means independent life in which you can alter and change the vibe of your own condo and make it as aesthetic as it can be. If you want to save, you can design and customize it on your own and consider DIY home improvements.

You have the freedom to design your own property like changing the walls, doing light improvements, upholstering the cabinets and the likes. You have the final decision on how you want your condo to be and it builds a more sense of ownership.

6. Condos can be a good investment property

Condominiums can be a primary home or vacation homes, but it can also be a good investment property that you might want to think and consider.

Condos as a real estate investment has a great resale value or it can be a rental property which can create a passive income for you as an owner. Owning a condo does not necessarily means that it should be your home but it can be your business that creates an income in the long run.

This kind of rental property business is very rampant in the condo community which the payments on the rent are used by the owners to pay for their loans and debts which totally a win-win for them. So level up your homeownership journey and start investing in condo units and make it as an investment property that is truly worth your money.

7. Location matters

Condos are really suited to an independent life and to a young working professionals that enjoys the easy and convenient life in the city. Condos are typically located in the urban setting, making it more accessible for condo owners to public transportation, in the city, companies, entertainment, and dining options.

The location of your condo unit is densely populated rather that a single family neighborhood. It is in the advanced and fast phased lifestyle that a young professionals wanted in which it can be very attracted for them.

Every “first” is nerve racking. Ensuring we make the right decision is what we all think about. When it comes to choosing your first home, aside from the budget considerations, the comfort and safety of your family is one of the highest priorities. It is important we choose the house where our family could settle safely and comfortably. There are many more factors to consider when it comes to buying your first home. But really, as long as you do your due diligence and make sure you understand what you’re committing to, you’re good to go!

On top of that, condominiums not only make a great starter home, but also a first investment. It’s high resale value is what makes condominium nowadays really trendy and in demand. So make sure to check out Asterra, one of Vista Land’s latest condominium brand soon to rise across the Philippines. Situated in key locations, Asterra could be your first home!’

Visit Asterra’s website and official Facebook page for more details.

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