"But, why should I buy?"

There are financial and emotional intangible reasons that drive a buyer to purchasing. 

1. Create wealth and equity by owning what's probably gonna be your biggest asset and investment.
2. Borrowing power for any future investments, expansions, or emergencies.
3. Financial and community stability allowing you and your family to grow and focus on other areas of your life and or investments.
4. Tax deduction benefits just in case you didn't know: insurance (on investment properties), mortgage interest, and property taxes are all tax deductible. ***consult your CPA on this; we are not tax advisors******
5. Ability to expand without moving. It maybe feasible to just add on more space and or build out your basement.
6. Build a Legacy. So many of us grow up dreaming of the childhood home we had. Some of us are lucky to inherit it and continue that legacy. If you are able to build a legacy through your home It's a story that will go on from one generation to another. 
7. Freedom to make choices- Make it your own with pets or no pets; your upgrades or no upgrades. You finally get control of your lifestyle.
 

With today's housing market getting more expensive by the minute we all wonder can condos be the way for me to easily become a homeowner? Many young first time homebuyers will opt to buying a condo due to it being much more inexpensive than a house and also to avoid maintenance a house comes with. One thing to know about most condo buildings and the insurance they provide; is that unlike a single family home policy condo building insurance mainly covers the outside 4 walls of your condo real estate. Single family home policies will cover all from the outside walls to the inside and personal items as well. Condo building insurance is an umbrella policy that mainly covers the building, your unit's 4 walls, and the liability in common areas. Those policies usually will not cover your units inside walls, personal belongings, appliances, or even the liability inside it. In order to insure contents you will need to get a different policy added on. At times its the same as a renters policy.

Getting financing on a condo although more inexpensive can be tricky at times if the bank that loans you stipulates they want a certain percentage of homeowners versus renters in the building; also if the association is in trouble with any budget deficits banks may not loan you on it. Outside of that those are usually the only two hurdles when it comes to financing. So if you are looking to stay on a budget and keep low maintenance just do your homework on the building, your bank, the insurance policy, and voila- you maybe a new condo owner!