We spend our early adult life living in rented apartments either alone, or co-sharing them with roommates. While it is convenient, it is not supposed to be a permanent living situation because it is not advantageous at all. Apartments are temporary living situations since you only have the apartment till your lease expires, so, it is better to opt for permanent property ownership once you are at a place in life where you are financially stable.

Most people will push you towards buying a house because that has always been the norm, however, you should not just rush into that decision. Instead, you should explore another option you might not realize you have, and that is to buy a condo instead. Lots of people today are opting for condos, and because of this rising demand, there are condominium projects being launched every year. MCity Condos is amongst one of the many recently launched projects, and you can check them out online in order to learn more.

Condos are better than houses because after the housing crisis, the prices of houses has risen immensely, so houses have become more difficult to afford. So, it can take years before you can finally pay off your mortgage. Condos, on the other hand, are expensive, but not even close to how expensive houses are. Moving on, the reselling prices of houses has also suffered with the housing crisis, so if you ever have to resell a house, it is going to take a lot of time to get it sold, and it will most likely go at a loss price. Now the property value of condos does not appreciate quickly, however, if your condominium is at a good location and from a good developer, its price will slowly appreciate after some time. So, you will not suffer a loss if you ever have to sell it in the future.