7 Reasons to Consider Condos For Sale in OC

Amanda Fallon
Amanda Fallon
Published on March 26, 2018

Don’t let a modest home-buying budget stop you from kicking your landlord to the curb.  When even the most basic of single-family homes soar in price, there’s always the trusty condo to fill the void.

If you’re opposed to even the thought of condos for sale in OC, consider the purchase a stepping stone – a way to build equity to use for your forever home.

Read on for my 7 reasons to consider condos for sale in OC.

1. Cheaper than a house

In general, you’ll pay less for a condo than a single-family home.  And, if you shop wisely, even that homeowners association fee tacked onto the mortgage payment won’t put you outside your comfort zone.

If you’re extremely low-budget, I can help you find condos for sale in OC with low HOA dues.  These are typically condos in low-amenity communities.  In other words, you generally won’t find low HOA fees in a community that offers private elevators and high-end fitness facilities.

2. On-site amenities

On the flip side, if the private elevator and high-end fitness center is on your wish list, you’ll find OC condo communities that offer these amenities (and more) with homes far less expensive than buying a single-family home with the same amenities.

Yes, the HOA fees will be higher, but, again, your final monthly payment as a homeowner will be less than it would be if you owned a single-family home with similar amenities.

3. Low-maintenance living has its perks

While there are some condos for sale in OC that offer large private yards, most don’t.  This means no lawn to mow, weeds to pull, leaves to rake and trees to prune.

Part of your HOA fees cover the cost of common area landscape care.  If the community has a pool, the HOA takes care of its maintenance, too.

Think of all the free time you’ll have compared to your friends who own single-family homes.  Your weekends will be maintenance-free!

Read Your First OC Condo Search?

4. Be social, or don’t

Ask any of your single-family-home-dwelling-friends how many of their neighbors they know.  Sadly, the answer will most likely be anywhere from none to very few.

Sure, there are vibrant neighborhoods with connected neighbors, but by and large, most Americans tend to isolate themselves from those who live nearby.

In fact, a Pew Research study finds that only 28 percent of people living in a neighborhood know their neighbors by name.

Condo living puts you in closer proximity to your neighbors.  Whether that’s a positive or a negative depends on how sociable you are.  If you like getting to know your neighbors you’ll definitely want to consider condos for sale in OC.

5. Building equity and more

Ultimately, buying real estate is the first step to building wealth.  Buying sooner rather than later, even if it is a condo, puts you in a better financial position, with interest rates due to rise again, and appreciation at 7% per year in Orange County.  

Buying a condo is a stepping stone.  Not only will you build equity to put toward a future purchase, but owning a home has tax advantages as well.  

Because all condo communities have an HOA, you can rest assured that your community will stay clean and maintained, which will protect your resale value.

Even though we all know buying is cheaper than renting, it can still seem paralyzing to take the first step.  Involve a real estate agent who can recommend a reputable lender to review your loan options, then get out there and view some condos for sale in OC!

6. Feel safer

Many condo developments offer security features.  Whether it’s a gated community or one with a roving guard or even a community with camera surveillance, security is a feature lacking in many single-family homes.

This is especially important to people who live alone and may feel vulnerable.  Even a community lacking robust security features will feel safer simply for the fact that you live in close proximity to others, so seeking help in an emergency is far easier.

7. Convenience

If your aim is to live amidst the nightlife, or within walking distance to popular area amenities, you’ll find few single-family homes from which to choose.  But, this is where considering condos for sale in OC comes in.

Ditching the commute—or even the car—can be a possibility with condo living.

Do reach out to me if you’re considering condos for sale in OC.  I am happy to walk you through the process and show you what’s available now.

Visit Tips For Touring OC Model Homes.

 

7 Reasons to Consider Condos For Sale in OC
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