Perhaps, buying a condo with your VA benefit could work perfectly for you. But is it worth it?
The answer really depends on you. Houses should ideally reflect the personality of their residents. Some go for traditional single-family houses or townhouses but some would go for condominiums. In the end, it’s your choice.
And yes, condos are eligible for VA loans. It has to meet the qualifications set by the VA which can be done through their website. Their database gives information on which condos around your area are VA-approved.
If it happens that the property you’re looking into is not approved, hope should not be lost just yet. There’s still a way for you to get that condominium that you fell in love with. Steps like having the unit undergo a VA loan approval and other processes which you have to be ready to go through. If condo living is what works for you, it will surely all be worth it in the end.
There are varied reasons for individuals when asked why they opted for a condominium. Among these are the perks that go with it. Condominiums come with access to a pool, fitness center, clubhouse, and other possible perks that come with it.
Fewer Maintenance Responsibilities
It’s a big plus for some to see that condo living comes with people who will do the maintenance work for you. If you’re the type who doesn’t want to deal with all the fuss that comes with maintenance, then this setup is beneficial for you.
With enhanced security at all times, condos address this matter seriously. And in times of emergencies, a stand-by security personnel is ready to help deal with the matter.
Condominiums are generally priced lower than single-family homes. This could also be a good factor why a lot are looking into these properties for this very reason.
While all of these are very attractive perks when it comes to condo living, it still pays to weigh the pros and cons. Consider what works perfectly for you and if it’s all worth it. In the end, the decision lies in your hands.