A lot of buyers I talk to say the same thing:

“I really want a house, but prices are just out of reach right now.”

If that sounds like you, you’re not alone. In today’s market in Arlington, a single-family homes can feel out of reach —especially for first-time buyers. But waiting it out isn’t always the best move. In fact, buying a condo now could be the key to affording that dream house later.

Why a Condo Makes a Smart First Step

Condos typically come with a lower price tag than houses, which means:

• A smaller down payment

• Lower monthly payments

• Less maintenance to worry about

But the biggest benefit? You start building equity instead of renting and watching your money disappear each month.

Build Wealth While You Live

Let’s say you buy a $450,000 condo with 5% down. Even with modest appreciation of just 3% per year, that condo could be worth over $505,000 in just 4 years—giving you more than $55,000 in potential appreciation alone. On top of that, you're also paying down your mortgage each month, which builds additional equity—roughly $20,000–$25,000 in principal reduction over the same period (depending on your loan terms and interest rate). That’s $75,000+ in total equity you’re building while simply living in your home. Plus, as a homeowner, you may qualify for a mortgage interest deduction, which can reduce your taxable income and help you save even more come tax time. All of this puts you in a much stronger financial position to make that move to a single-family home down the road.

Stop Building Your Landlord’s Wealth

And here’s something to think about: when you rent, you’re already paying a mortgage—just not your own. Every rent check you send is helping your landlord build equity and grow their investment. So why not start building that equity for yourself? With a condo, you turn that monthly payment into something that benefits you long-term—ownership, equity growth, tax savings, and a real step toward financial freedom.

What About the Downsides?

Sure, condo fees exist—but they cover things like exterior maintenance, water, and amenities. That’s less you have to worry about compared to maintaining a house.

And resale? If you buy in the right location and choose a well-managed building, condos can be in high demand—especially in Arlington.

Ready to Take the First Step?

If buying a house feels just out of reach, let’s talk about how the right condo can get you there. I’ll help you find one that fits your lifestyle and your long-term goals.