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Oct 6, 2020 · Stuck on whether to buy a condo or a townhouse in Chicago? We’ve broken down everything you need to know about condos vs. townhomes to help you better decide which route to go with when you’re ready to purchase.
May 12, 2024 · This updated article includes the latest information to help you answer the question “should I buy or rent in Chicago”. In recent years mortgage interest rates, inflation and supply issues have driven costs up for both renters and buyers.
Oct 18, 2016 · For many aspiring homeowners in Chicago, buying a condo is a way to break into the market without breaking the budget. Condos offer the rewards of ownership with less maintenance than a...
- Contributor
May 15, 2024 · Below are a few reasons why you might consider investing in Chicago’s real estate market by purchasing a home, townhome, condo, or loft. Customize Your Home. While a rented space comes with rules, buying a property in Chicago gives you the freedom to make the space your own.
- Mike Beutler
Mar 8, 2023 · Renting a home in Chicago requires less upfront costs compared to buying. These costs are generally much lower than the down payment, closing costs, and other expenses when buying a home. Renting provides you with more flexibility in terms of your living situation.
I am looking to purchase a condo in Chicago. I'm going over finances and figures (including mortgage rates and terms) and wanted to pose this question. While Chicago is cheaper than other major cities, it is still pretty damn expensive. I can imagine that there’s “never a perfect time to buy” here. My question is simply - is it worth it?
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Should I buy a condo or rent an apartment? Deciding between buying a condo vs renting can feel like standing at a major crossroads. The choice not only affects your lifestyle, but also has long-term financial implications.
