Check out the recent Redfin article we were featured in:
When it comes to finding a place to live, one of the biggest decisions you’ll have to make is buying vs renting a condo. This decision is particularly important depending on where you move. For example, if you’re renting a condo in Charlotte, NC, buying a condo in Colorado Springs, CO, or upgrading from renting an apartment in Jacksonville, FL, the housing market can be competitive, and prices of condos can vary greatly, so renting may be a better option.
Unlike buying a condo, which typically requires a down payment and other upfront costs, renting typically requires only a security deposit and the first month’s rent. This can make it easier to move into a new property and can be especially beneficial for those who are just starting out or are on a tight budget. “Higher rates since 2022 have narrowed the gap, making renting equally or even more affordable in some cases. It’s a personal calculation every buyer has to make for themselves,” says Robyn Kaufman of SF High Rises
In this article, we’ll explore the advantages and disadvantages of buying vs. renting a condo, as well as the financial considerations you should account for when making your decision. Whether you’re a first-time homebuyer or a long-time renter, this guide will help you weigh your options and make an informed decision about your next home.
Read the full article here: The Condo Conundrum: Buying vs. Renting – A Guide to Making the Right Choice | Redfin
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