“. . . today’s shoppers have more than 5 homes to consider for every 4 they had at this time a year ago.”
Exploring Condos Could Add Options That Fit Your Budget
Since January of last year, 624 condos have sold in Grand Traverse County alone with a median sold price of $306,000. This was $44,000 less than the median sold price for homes that sold in Grand Traverse County during the same timeframe.
“Because condos and co-ops are generally more affordable, they tend to help first-time homebuyers step onto the first rung of the homeownership ladder. These buyers often use the equity on their condo to then purchase a larger single-family home.”
Condo Living Provides Several Great Perks
For instance, in addition to regular lawn care in the warmer months, snow removal can be a costly and time-consuming chore here in Grand Traverse County, which typically averages between 125-145 inches of snowfall per winter season- making condo living a very appealing local option.
“Condos can be a good option for anyone who wants to keep home maintenance to a minimum . . . if the roof is leaking or the carpet in the lobby needs to be replaced, that’s not your responsibility — the condo association handles those duties.”
“Buying a condo, which is generally less expensive than a single-family home, enables a household to afford to own in the middle of it all, and often means a newer-built home with less maintenance responsibility.”