Should Your First House Be a Condo?

A condo can make a great starter home, but weigh the pros and cons of buying a condo vs. a house to decide whether it's right for you.
Kate Wood
By Kate Wood 
Updated
Edited by Mary Makarushka

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Whether you're having trouble finding an affordable single-family home or you're simply fed up with renting, a condominium can be a way to wade into homeownership rather than diving into the deep end.

Condos tend to come with lower price tags than single-family homes. They offer significantly greater independence than renting, but you aren't on your own when it comes to maintenance and repairs. Plus, owning a condo gives you the chance to build equity you can use toward a down payment on your next home.

Those factors can make a condo a great starter home, though the condo lifestyle isn't for everyone. If you're looking to become a homeowner and are curious about buying a condo versus a house, here are some points to consider.

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