Well, there IS, and has been, affordable housing available! Condos are the logical answer. It's not the dream home for most first time homebuyers but it IS a logical and practical first step. A condo can offer a much higher quality of living for a much more affordable price, and the tax benefits are a huge advantage over renting.
If you think you can't afford to buy a home or condo, think again. If you are a renter, you ARE buying a home... it's just that you are buying the home (apartment or condo) for your landlord. Your landlord is taking your rent check and making his/his mortgage payment. Why wouldn't you want to be making a mortgage payment for yourself... taking the tax advantages and cashing in on the equity when you're ready to move?
In seeing the need for an "affordable" option, several delopers and investors have answered the cry through condo conversions in the area. I've written about some of these conversions but here is a review of some examples of those conversions:
SunTerra condos
201 Pennsylvania have 1 bed, 1 baths starting at $92,900
2 bed, 1 bath starting at $129,900
2 bed, 2 bath starting at $138,900
Aspen Heights
220 Antles have: 2 bed, 1.5 baths starting at $129,900
2 bed, 1.75 baths starting at $139,900
River Street Condos (Cashmere)
307 River St. 2 bed, 1 bath starting at $139,900
NNA Ashland St.: 2 bed, 1.5 bath at $ 149,900
Vista Place
1100 Vista have: 2 bed, 1 bath at $170,000
3 bed, 1.5 bath starting at $174,900
Quail Run (not a conversion):
26 Quail Run: 2 bed, 2.5 bath at $189,900
Rocklund Drive
If you think you can't afford to buy a home or condo, think again. If you are a renter, you ARE buying a home... it's just that you are buying the home (apartment or condo) for your landlord. Your landlord is taking your rent check and making his/his mortgage payment. Why wouldn't you want to be making a mortgage payment for yourself... taking the tax advantages and cashing in on the equity when you're ready to move?
In seeing the need for an "affordable" option, several delopers and investors have answered the cry through condo conversions in the area. I've written about some of these conversions but here is a review of some examples of those conversions:
SunTerra condos
201 Pennsylvania have 1 bed, 1 baths starting at $92,900
2 bed, 1 bath starting at $129,900
2 bed, 2 bath starting at $138,900
Aspen Heights
220 Antles have: 2 bed, 1.5 baths starting at $129,900
2 bed, 1.75 baths starting at $139,900
River Street Condos (Cashmere)
307 River St. 2 bed, 1 bath starting at $139,900
NNA Ashland St.: 2 bed, 1.5 bath at $ 149,900
Vista Place
1100 Vista have: 2 bed, 1 bath at $170,000
3 bed, 1.5 bath starting at $174,900
Quail Run (not a conversion):
26 Quail Run: 2 bed, 2.5 bath at $189,900
Rocklund Drive
1826 Rocklund 2 bed, 1 bath $189,900
Parkside Condos (the only new construction condos under $200,000)
3 bed, 2 bath starting at $199,950
And, occasionally, there is a random condo for sale on #2 Canyon Road or Skyline Drive (at the Racquet Club). This is the only complex I know of where HOA fees are based on the size of the unit, not a set fee for all units.
So, rejoice... there is comfortable affordable housing available in Wenatchee. When you're on a limited budget you probably won't be able to get into the all American dream home with a picket fence. You can, however, buy "something" as a first step up the ladder.
Start by taking the first step and building equity in a condo... and begin to enjoy the tax benefits of homeownership!
Happy Holidays!
Parkside Condos (the only new construction condos under $200,000)
3 bed, 2 bath starting at $199,950
And, occasionally, there is a random condo for sale on #2 Canyon Road or Skyline Drive (at the Racquet Club). This is the only complex I know of where HOA fees are based on the size of the unit, not a set fee for all units.
So, rejoice... there is comfortable affordable housing available in Wenatchee. When you're on a limited budget you probably won't be able to get into the all American dream home with a picket fence. You can, however, buy "something" as a first step up the ladder.
Start by taking the first step and building equity in a condo... and begin to enjoy the tax benefits of homeownership!
Happy Holidays!
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Current Wenatchee real estate news, info and trends
Remember:
Information is FREE. Knowledge, Experience & Integrity Are Priceless