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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! :)

Look at condo complexs at all hours, see what they are like, talk to the neighbors and local realtors. As for bylaws and common charge info upfront before signing on the dotted line. TOWNHOUSE style condos are typically worth more, as is a end unit. Look for a complex that is smaller, has larger sq footage and a bonus of a deck and garage is great too! :) This will have a better resale value and appreicate in value down the line. Currently, we are in a buyers market and if you can afford it, def. buy something, renting is just flushing down $$ down the drain, but only if u really can afford it. TOO many people get sucked into crazy high mortgage rates and buy beyond there means. Think about what is good for you now and in the future. Unless you flipping the porperty or planning on moving in 2-3 years after purchase, typically a condo is a great start or a small home. It all depends on the person, I purchased my condo in aug of 06 and the value has already increased by $5-8,000.

GOOD LUCK!

There is no single answer. Depends on location, size, condition, what's included, design, desirability, and of course what the market does.

Decide first which way you would rather live, then look for properties in your category.

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.
If you do not live in a big city, a house is a better bet because people are more into a leisurely/laid back lifestyle in the small towns.

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.

My advice is to contact a local Realtor in your area who can advice you on the current situation with homes vs condos in your area. If you need help finding a good agent in your area I am happy to reffer one to you. I work for a National company and we have offices everywhere.

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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