After younger adults graduate from
college, get a job and begin the long and arduous task of paying off all
those college loans they need consider where they will hang their hat.
Or rather where they will live. Obviously heading back to Mom &
Dad’s house would accepting the defeat of the real world so the decision
becomes the choice of apartment, condo, or house.
Now
back to those student loans that I was talking about. All kidding
aside, if you do just got out of college you need to consider what
everything costs. And unless your father has his own business or law
firm where you can instantly become employed and make money, then a
house payment will probably be out of the question. Just the
maintenance, property taxes and insurance costs aside can strike instant
fear into the hearts of recent college graduates. A much cheaper option
would be to simply rent an apartment. But if after college you’re done
with the apartment thing then you could always consider another option.
Many
times a better option and a nicer transition to full blown home
ownership is purchasing a condo. If you think condos aren’t for you
because they might not be as nice as a home then simply take a look at luxury condos in Ft Lauderdale area
and you may sing a different tune. Condos can be a great way to ease
into the home ownership market at half of the price and fraction of the
responsibility. And if you ever need a motivator to work harder just
take a short drive over and take a look at the waterfront homes in Ft. Lauderdale, they will really blow you away.
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