Posts Tagged: advice to first-time condo buyers

Renting a Condo vs. an Apartment: What’s the Difference?
Renting a Condo vs. an Apartment: What’s the Difference?

Renting a Condo vs. an Apartment: What’s the Difference?

  |   By AuthorMy First Apartment
By Cory Mercer When you’re ready to move out on your own, but not yet ready to buy a home, you may have an option to choose between rental condos and rental apartments. If you are seriously planning to buy your own condo in a couple of years, renting one now will be a good…
7 Reasons Why Condo Living Is The Best Option for Newlyweds
7 Reasons Why Condo Living Is The Best Option for Newlyweds

7 Reasons Why Condo Living Is The Best Option for Newlyweds

  |   By AuthorMy First Apartment
By Patricia Evans Your marriage is a contract like no other and starting your life together has its challenges. If you’re searching the market for your first home, condo living is an option you should consider. It takes out many of the headaches and conflicts that a single home ownership might introduce into the relationship.…
How to Prepare Emotionally for Buying Your First Condo
How to Prepare Emotionally for Buying Your First Condo

How to Prepare Emotionally for Buying Your First Condo

  |   By AuthorMy First Apartment
By Dan Bergman Buying a condo or co-op is exciting, but there’s also a deeply emotional element to the process, especially for first-time buyers. However, if you know what to expect, you’ll be better able to deal with the ups and downs. Here’s how I counsel my clients. Prepare to Compromise Keep in mind that…
All About Roofs: An Infographic
All About Roofs: An Infographic

All About Roofs: An Infographic

  |   By AuthorMy First Apartment
Sponsored post Your roof. It’s arguably the most important structure of any home.  Every condo owner should know some basic facts about roofs in order to understand if a problem might be developing that needs attention. Did you know that a standard roof is made from up of 13 different components? The first word, or…
How Much Should Interest Rates Affect Your Decision to Buy?
How Much Should Interest Rates Affect Your Decision to Buy?

How Much Should Interest Rates Affect Your Decision to Buy?

  |   By AuthorMy First Apartment
By Ali Donoghue Like it or not, if you need a mortgage to buy a condo, you need to understand interest rates. Your interest rate – together with the size of the the loan – determines the amount of monthly payments when you take out a mortgage on your home. So, for example, if you…
How to Succeed Buying in a Competitive Condo Market
How to Succeed Buying in a Competitive Condo Market

How to Succeed Buying in a Competitive Condo Market

  |   By AuthorMy First Apartment
By Dan Bergman In a competitive housing market, homes sell fast, often within a day or two. To succeed in purchasing your dream condo, you’ll need to move quickly as well. While that may sound intimidating, there are several steps you can take to make sure you move with confidence as well as speed. Get…
It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?
It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?

It’s Cheaper to Own Than Rent: Should You Buy a Condo Now?

  |   By AuthorMy First Apartment
It is now better to own than to rent in ALL of the 100 largest metro areas. According to an analysis by the real estate site Trulia, it’s 38% cheaper to own (including mortgage, insurance, taxes and maintenance) than to rent. There are two key reasons for this amazing advantage: 30-year fixed mortgage rates are…
7 Budget-Friendly Ways to Make a Kitchen Feel Bigger
7 Budget-Friendly Ways to Make a Kitchen Feel Bigger

7 Budget-Friendly Ways to Make a Kitchen Feel Bigger

  |   By AuthorMy First Apartment
By David Glenn The kitchen is the heart of your home, but a tiny, cramped kitchen just isn’t all that inviting—for you or your guests. While a complete kitchen renovation may be way out of your budget right now, here are some simple ways to make a kitchen look and feel bigger than it is.…
Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?
Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?

Should a First-Time Condo Buyer Consider Purchasing a Foreclosure?

  |   By AuthorMy First Apartment
By Stephanie Brimo First, let me describe a foreclosure. Also known as an REO sale or a bank-owned sale, a foreclosure takes place only after the home’s original owner has stopped paying the mortgage for a long enough time (often a year or more) that the bank has the legal right to repossess the home.…