Is a condo or a house a smarter investment for a single person?
31 sierpnia 2022
11:11
11:11
You only buy the inside area when you purchase a condo. Beyond your contribution to the maintenance payments, you do not own the exterior. The ground below is not your property either. In a townhouse, the exterior and the land are yours.
Which you should buy depends on your lifestyle needs, available resources, and the market. If given the option, I would pick a townhome over a Charlottesville condos for sale. If you don't enjoy doing external upkeep, you could prefer a condo where the association takes care of all exterior maintenance. What you buy might be determined by your local home market.
Personally, if you're looking to purchase a home as an investment, I'd recommend single-family homes. I have a personal prejudice in that regard, and I'm sure the investors have as well. Condos typically lag the market in the majority of the places I've lived during price trends upward and outperform it during price declines.
When managing rentals, I also dislike dealing with community associations. Condos may be a better option in some locations, I'm certain of that. Once more, you should speak with a Realtor who is knowledgeable with investment properties in your region.
Which you should buy depends on your lifestyle needs, available resources, and the market. If given the option, I would pick a townhome over a Charlottesville condos for sale. If you don't enjoy doing external upkeep, you could prefer a condo where the association takes care of all exterior maintenance. What you buy might be determined by your local home market.
Personally, if you're looking to purchase a home as an investment, I'd recommend single-family homes. I have a personal prejudice in that regard, and I'm sure the investors have as well. Condos typically lag the market in the majority of the places I've lived during price trends upward and outperform it during price declines.
When managing rentals, I also dislike dealing with community associations. Condos may be a better option in some locations, I'm certain of that. Once more, you should speak with a Realtor who is knowledgeable with investment properties in your region.
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11:06