Benefits to making a San Diego Condo or Condo-Conversion your
first home
First of all, what's the physical difference between a
condominium and an apartment?
Nothing! The building can be new or converted
after being built. "Condominium" is simply just a form of
ownership.
Some buildings are originally designed for condominium
ownership, some are converted from existing apartments.
Converting from apartments to a condo gives you the
opportunity to be part owner in the building. So instead of
one owner there are now many owners in the same complex. The
difference to you is HUGE! Now your neighbors aren't all
just renters, most are owners just like you...with the
desire to keep their homes attractive.
Benefits to being a San Diego Home Owner
The huge financial advantage of owning a home in San
Diego is the
investment value. Your equity (the difference between home
value and what you owe) keeps growing as you pay down the
mortgage and your home's value increases.
Perhaps best of all is this: The I.R.S. will likely let
you sell your home without paying a dime in taxes. That's
free money!
Beyond the money, most homeowners enjoy the freedom of
homeownership:
- No more rent increases from greedy landlords. Your
housing expense is predictable.
- No more notices to move when the landlord wants to
sell or let his kid move in.
- No more decorating restrictions. You can even be
bold and actually nail stuff to the walls. Finally you
can make your home into YOUR home.
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