When seeking a place to live in Boca Raton, you’ll certainly find plenty of options to choose from, including water front property, single family homes, condos, apartments for rent, homes within a golfing community and country clubs, and more. The popular choices seem to be apartments and condos, but any professional and knowledgeable real estate agent will also tell you that Boca Raton condos for sale are more ideal than apartments.
While each has their own pros and cons, Boca Raton condos for sale are first and foremost a much better investment, with many additional features that make it an optimal choice. Consider the advantages and disadvantages of each.
Pros and cons of apartments in Boca Raton
While renting an apartment tends to offer you some degree of flexibility as to how long you wish to stay, you are also limited in what you can do in the apartment, because you don’t actually own it. And if you do wish to leave before your lease is up, you’ll probably pay a penalty.
On the other hand, if you require a place with little to no maintenance for you, and apartment is sometimes a good choice because many issues such as repairs and lawn maintenance are taken care of for you. But you want to make sure the maintenance staff and rental property management has good reviews, or you may find that the property isn’t maintained as properly as it should be.
Renting an apartment also costs substantially less, but you give up equity as well, and will have nothing to gain if and when you decide to move, as you have no property to sell. You also don’t gain any tax deductions that you would receive as part of home ownership, and if you wish to renew your lease, your rent can increase year after year, whereas a fixed rate mortgage on a condo would stay the same.
Pros and Cons Boca Raton condos for sale
Condos in Boca Raton are actually not as expensive as you might think, and in addition to mortgage payments not increasing each year, you are also building equity and making a wise investment should you ever wish to sell. Condominiums often also have homeowners associations that take care of some of the maintenance issues and landscaping, as well as provide activities and other events for the other residents in the development.
While you may pay homeowners association fees, you also have a say in how certain things are run, and you receive tax deductions for your mortgage, PMI, and property tax.
When seeking to research Boca Raton condos for sale, you might consider visiting Stateland Brown, a real estate agency in Boca Raton where you’ll find highly trained, professional and friendly real estate agents that are very knowledgeable of the Boca Raton market. The agents will gladly assist first time homeowners in finding the right home no matter what their preferences are, as well as help clients buy or sell a home in the area.