I am planning to eventually buy a house over-seas, and since I also plan to stay here for a few months out of the year, I am looking into buying a place here also. I am having a hard time deciding on which would be better for those few months(I plan to stay in America for the three months of summer). I'm interested in hearing from folks who are small property owners.
2006-11-01 07:04:46 · 11 answers · asked by Safiyah 3 in Business & Finance ➔ Renting & Real Estate
Even though I don't like condos for numerous reasons, for you I would suggest one. First for security when you're not here and also as an investment. On the other hand, why bother buying anything if you are only considering staying for three months.For the money you're paying out and not using it, unless you want to rent the condo or house out for when you're not here, you could live in a motel with a kitchenette. Unless money is no object.
You have to remember that you are paying management fees, anything goes wrong in one of the units, you're paying too, any changes you want to make it has to go before the board etc,etc,
2006-11-01 07:20:53 · answer #1 · answered by Mightymo 6 · 2⤊ 0⤋
you didn't mention where in America you will be living for the 3 months. So, here's a suggestion. Buy a condo in a resort type area such as Florida's gulf coast. Hire a property management firm to lease it out while you're gone and not lease it out during the months you will be here. they will take care of all maintenance, screen the tenants etc. plus you will be making rental income on it. Trust me a decent condo on a FL beach rents for $2000-$5000 a WEEK!
2006-11-01 07:20:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Condo is better than a Manufactured anyday!! Plus with a condo you have an association that maintains the property.
2006-11-01 07:15:35 · answer #3 · answered by No Way 3 · 0⤊ 0⤋
a condo is usually in the city. a manufactured home is usually in the country on it's own land.do you want a yard? go with the manufactured home but you will have to pay someone to care take and cut the grass etc.if you want to live in the city go with a condo and the condo association should take care of maintenance.today's manufactured homes are built to very high standards and are usually put on a basement.on their own land they appreciate like a regular home.a manufactured home will usually be bigger than a condo.
2006-11-01 07:10:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I would definitely go with the condo! It will appreciate in value, it's a lot easier to get financing for a condo than it is for a manufactured home, and you won't have a lot of upkeep.
2006-11-01 07:30:48 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Condo for sure...From what I've seen, manufactured homes are not easy to sell, and most lenders won't lend on them, or if they do, it's a difficult loan to place. Depending on what state and ,market your in, condo's are white hot......
Good Luck!!
2006-11-01 07:15:01 · answer #6 · answered by keewesti 3 · 1⤊ 0⤋
maintenance-wise the condo would be alot easier to deal with when you're not there- also you wouldn't need to refamiliarize yourself with details like when to put out the trash... i'd go with the condo idea, unless you're not willing to dole out condo maintenance fees all year long...
2006-11-01 07:08:24 · answer #7 · answered by Johnny 3 · 0⤊ 0⤋
invest in a condo
manufactured home is
new (+),
cheaply made(-),
affordable(+),
needs to be put on a lot you either own or rent(-), but worst of all ..
it depreciates in value
where a condo most likely will go up in value
2006-11-01 07:19:12 · answer #8 · answered by Mopar Muscle Gal 7 · 1⤊ 0⤋
property insurance on a mobile home is costly. A powerful storm is devastating without bricks and a foundation
2006-11-01 07:08:47 · answer #9 · answered by maxima 5 · 0⤊ 0⤋
condo.
2006-11-01 07:06:27 · answer #10 · answered by Anonymous · 0⤊ 0⤋