Best investment is to purchase single family residential. Best rentals are 3 bedroom 2 bath with a pool. Condos with high monthly fees are a bad investment as a rental. raw undev lots are not as good an investment as land with a mobile or a residential dwelling that can be remodeled.
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Do Condos Really Appreciate Slower Than Houses? Ever since I started in Tucson real estate in 2003 I have heard agents say that condos do not appreciate as well as houses. Just the other day I heard an agent in my office telling a client that they should not purchase a condo because it won’t appreciate.
The affordable housing shortage has spurred increased advocacy for ADUs, especially in California, where detached single-family homes. you, and great outdoor space. It’s no surprise they rent for a.
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Unless you’ve been living under a rock, instead of on the rock, you’ve heard that home prices are rising-fast. It’s as if someone. the median sales price on a single-family home is up to $625,000,
Today’s conference call and webcast may include forward-looking. I couldn’t write fast enough. Could you clarify exactly what is being sold? I knew there were some lots, there were also some single.
I tried to take a first step to help answer this question by. OZ benefits are not for ‘for-sale’ product. Single-family home projects, townhomes, or condos that are being sold after construction do.
It’s a real estate question that historically has had an easy answer: Do single-family detached houses appreciate. condo values are up by 23 .3 percent, but median single-family values have risen.
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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There are two main aspects of appreciation that I would like to point out: 1- Appreciation is not a reliable metric to base your investment decisions on. When you value appreciation, you’re only giving an estimate. That is something to keep in min.
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3) Expanding on the financing problem also leads to the rebuttal of the point of less money down (i.e. 5% versus 20%) but again, if you are comparing 10 single family properties at 5% down payment versus 1 multi-family property at 20%, I think you’ll find a dramatic difference.
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