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They typically appreciate at a lower rate than single family homes. As always, make sure you do your due diligence. Outlined above is just a brief synopsis of why I choose to invest in condos and townhomes over single family homes. It’s working out great for me so far, and if your market is anything like mine, then it may work out for you, too!
Which has a better return on investment, condos or single-family homes?. Single-family homes tend to appreciate more than condos, partly because people have a hard time envisioning paying a higher sales price for a property where they have to pay condo fees.. live in the condo yourself and.
In order to make a 100% accurate answer, you will need to analyze the market in New York based on statistical information. To get that information, you can search google for data mining companies of real estate sales. Trend graphix is one such com.
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Condos and townhouses can appreciate in value, but they may lag behind single-family homes in some areas. This is especially true in areas where supply exceeds demands. It’s also important to look into down payment requirements for financing before looking for a condo or townhouse.
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Answer may surprise you. The standard answer has been: Of course single-family homes appreciate faster. They are what most Americans prefer to live in, so there’s stronger demand. They come with their own piece of land – and we all know that land is a crucial driver of value. Condos,
Condo values in the US are catching up to single-family homes. The standard answer has been: Of course single-family homes appreciate faster. They are what most Americans prefer to live in, so there’s stronger demand. They come with their own piece of land – and we all know that land is a crucial driver of value.
Appreciation on single family homes vs multi family. 10 Replies. though I may be leaving appreciation on the table by doing so.. Don’t be greedy take advantage of what you have and move on otherwise appreciation will continue and you will never decide to benefit from it..
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