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Is it a better investment to buy a house or condo. Which will rise in value more in the future? |
Is it a better investment to buy a house or condo. Which will rise in value more in the future? Where are you located? Def. depends on the area and the size of the condo. Both have there pros and cons. My condo is bigger then most people's homes and the bottom line is I don't mow the lawn and rake the leaves nor do I have to do anything to the exterior. Overall I love my condo. I have owned homes too but I just didn't have the time to do all the work and keeping good help is almost impossible! :) There is no single answer. Depends on location, size, condition, what's included, design, desirability, and of course what the market does. It depends a lot on where you live. If you buy a condo close to a subway station, you stand to make a fair bit in resale provided that you wait a number of years. There will always be a demand for the property because people don't want to use cars with rising gas prices. According to the National Association of Realtors single family homes tend to have a higher appreciation vaule over time. However this is not to say that condos won't appreicate or that they are not good investments but it really depends on the location and the property itself. Don't buy a condo. It runs by the commies. They control everything even though you own the place. I hate it. I wish I didn't buy it. if you have money but don't know where to invest, please invest your money in education first. if you interested in property then you can do property courses or buy books about property investing. Obviously house will have more appreciation over time. I suggest you invest in house. |
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