Single Family Home or Condo…What to do?

Lots to consider here. Condos are not right for everyone: you share walls, garages, common spaces. And it’s a fact that condos do not appreciate as quickly as single family homes.

With that said, condos can still be a great way for a buyer to get into the market. Maybe you can't afford a house right now, but starting with a condo that you can live in for the next 5 years is a great way to go. Start building equity and stop paying your landlord's mortgage. Then when you have the cash to buy a house, you can sell your condo or even lease it out and start making a passive income.

Also, condos are great for buyers who don't have the time (or patience) for maintenance.