Everyone thinks that buying a condo or apartment is a great option. Like
any investment, it has its pros and cons. But most people also don't know that
condos can't be bought with government help. These grants generally exclude
condos and mobile homes. Another thing they don't know is that, for that
reason, they must pay more money at the time of closing the purchase, since the
type of loan that most people approve for that type of property is
conventional. This type of loan generally requires a higher percentage than the
FHA loan type.
First of all, apartment prices in Florida have gone up. Second, most
condos will require the payment of the condo fee and the HOA fee. For that
reason, the price that appears to be so affordable goes up when those two
additional fees get added to the payment. Most people who buy apartments are
investors who lease them, for example, as vacation villas.
In the case of houses, called single-family homes, it is the preferred
alternative for people who want to have their own home. Also, they are energy
efficient, making the owners save money.
