2006-07-17 11:41:33 · 3 answers · asked by Leslie R 1 in Home & Garden ➔ Other - Home & Garden
Everything else being equal, the proce of condos tends to be less than the price of an equicalent sized house, if that's what you mean.
They hold their value pretty much as well as single-family houses too, for the most part.
It's all very dependent on exactly where you're talking about. If you're trying to decide whether to buy a condo or a house, I'd suggest talking to a couple of local real-estate professionals to get a feel for what your local market is like. Also, local papers often have listings of real-estate transactions in the weekend editions -- the transactions are mattters of public record in most places. Follow them for a while, for the areas you're interested in, to get an idea for what's REALLY happening in the market.
2006-07-17 11:47:39 · answer #1 · answered by Berry K 4 · 0⤊ 0⤋
It really depends on where you live and what the housing market is. Are there lots of condos as opposed to houses? What's more popular? They're all going to appreciate in value (unless the neighborhood and/or building gets run down).
2006-07-17 11:43:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋
no it is not , but some of the owners think it is a gold mine, condo fees is what really hurts the resale of value..
2006-07-17 12:05:30 · answer #3 · answered by RED WHITE AND BLUE 4 · 0⤊ 0⤋