When you decide to take your first step on the property ladder, you will have plenty of property-types to choose from. Many buyers prefer to buy an existing single-family home, some want to buy a plot of land on which to build their house, while others would like to get the keys to a condo.

If you are a member of the latter group, you may be interested in learning a little bit more about the benefits and drawbacks of purchasing a condo:

Pros

•    A Gated Community 

Condos often offer higher security than a traditional home as they usually sit within a gated community. There will be a security presence at all times at the gate, keeping a close watch on the people who enter and leave. If you are at all concerned about crime and theft in your area, this added security can do a great deal to set your mind at ease.

•    A First Home

If you, like most people, don't have a huge budget to purchase your first home, a condominium may be an attractive option. They...

There are two options available when seeking a new home for your family. You can purchase a resale (meaning an older home that has already been lived in) or a new construction. While each choice provides a distinct set of pros and cons, purchasing a newly constructed home offers numerous comparative benefits. Below are just 10 of the primary benefits. 

1. Customization

New constructions allow homeowners to customize their homes with a variety of options prior to moving in, if they purchase during the pre-construction phase.

2. No Extra Work

Homeowners need not put in any work prior to move in. Resales, on the other hand, often require at least a minimal amount of renovations prior to move in.

3. Modern Appliances

A new construction will be equipped with modern appliances and conveniences, whereas resales may need to be updated. For example, most new homes are created with dishwashers, which are not often seen in older homes.

4. Stays Repair Free

Your home should be repair free for a...