Young professionals are among the key groups of people who buy and live in condos. They would like to live near work and be near the action.
For lots of these peoples, The Terrace Condos represents the first time they've purchased real estate. But does this mean that condos are just the equivalent of starter homes? The answer is a resounding no.
Allow me to make one thing clear: Condos certainly can be starter homes, that are categorized as smallish homes which are affordable enough for young people to buy. They likely are not forever-type homes, but represent more of a starting spot. People often spend five to ten years in such houses.
Sure, you will find loads of condos at starter-home prices. Think in the millions of dollars. These high-end units have lots of space and nearly every upgrade you can imagine.
They generally have magnificent, expansive views of the city and are on the greatest levels of the buildings in which they are situated. And in some instances, they are even larger than single-family houses.
On the other hand, the reality is that condos are starter homes for lots of men and women. As I said, these are often young professionals who do not have a huge housing budget, but would like to own rather than rent. And in regards to starter homes, there are actually some benefits to condos as opposed to single-family homes. For more additional information about alex residences you can check out http://www.sgnewcondolaunch.com.sg/property/alex-residences-at-district-3/.
condos as starter homes
What are some other advantages of condos as starter homes? One of the big ones is all of the amenities.
You unlikely will find a single-family starter home with a pool, fitness room and party room. Your condo building likely will have them all, and likely more. And you can access them because when you pay your institution fee, you are paying for accessibility and their upkeep.
Young professionals and others who buy starter homes often are at a point in their career during which they need to work many hours. When they own a condominium, there's plenty of time for work because there's absolutely not any need to be worried about such maintenance as raking the leaves, mowing the wash, or cleaning the gutters.