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Conditions are ripe for current renters to transition into homeowners. Rents are skyrocketing while homes are still in the affordable range. For millennials ready to own instead of rent, a condominium .
By making a condo your first home, you'll save money in a variety of ways. Utility bills will be lower because of a smaller space and you won't have to worry too much about maintenance and other repairs because most costs are covered by homeowner association fees.
You can also still likely live in your favorite neighborhood if you buy a condo. You can enjoy all the popular areas while also meeting other condo owners.
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