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  1. – 5 Benefits of Investing in Condos for First Time Home buyers. october 12, 2017 at 10:00 AM. Buying a home involves a lot of choices – locations, types of homes, types of loans, and more. As a first time homebuyer, you have the freedom to choose what type of home you want to purchase. One that might be a good fit is a condominium (condo).