Just wondering... would i pay more for a condo or a duplex?
& about how much can i expect to pay?
2007-12-16 02:33:47 · 12 answers · asked by -luv-ya-haters- 1 in Business & Finance ➔ Renting & Real Estate
depends on where you live
2007-12-16 02:35:42 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As posted above a big cost for most condos is not the price of the condo itself but the yearly association fees. Usually you wouldn't have those for a duplex. Make sure you understand what your ongoing costs will be. No point in saving $10,000 in the price of what you buy if you have to pay $5,000/year every year after that. You'll have spent your "saved" amount in 2 years and exceed it in the 3rd year.
Also look into governance of the condos. Do people that own multiple units get more votes than those who own one? If so does the builder still own most of the units? If so the builder can outvote you and the other residents.
Not saying a condo can't be a reasonable purchase. Often inside large cities it makes the most sense simply due to high land costs. Just suggesting you make sure you understand all the costs and issues before jumping in.
With the duplex you'd presumably want to know who owned the other side and whether they lived there or rented it out. Who are the renters? How easy is that owner to get along with? Is this in a neighborhood with a Homeowner's Association? If so are there mandatory fees for that? What restrictions do they have?
2007-12-16 10:47:50 · answer #2 · answered by Say_What? 5 · 0⤊ 0⤋
you should be more concerned with how much the association fee's will be every year! The condo is a easy expense, the bank will gladly float you a loan for that! Also from what I have seen the location plays a big part of how much real-estate sales for.
2007-12-16 10:37:00 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Depends upon many things. As little as well under $100k in some areas or well into millions for a luxury high-rise in a highly desirable area.
Your question is FAR to general for a specific answer.
2007-12-16 10:41:27 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Duplex is relatively larger than condo.
consequently, the price comes with the space of your living
2007-12-16 10:36:40 · answer #5 · answered by Kablam.! 2 · 0⤊ 1⤋
You will definitely more for the condo....Between 1000-1300 or more a month
2007-12-16 10:38:12 · answer #6 · answered by e&t 3 · 0⤊ 1⤋
cliche answer, but . . .
The three most important factors that determine the price and value of real estate are:
1. location
2. location
3. location
So unless you tell us where you are looking we have no clue. A condo on the beach in Malibu? or is it in Indianapolis?
2007-12-16 10:37:33 · answer #7 · answered by yyyyyy 6 · 1⤊ 1⤋
Completely depends on the location.
2007-12-16 10:36:03 · answer #8 · answered by Kegger 3 · 0⤊ 0⤋
Condos usually start around $169.000 dollars.
2007-12-16 10:36:22 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Depends on where you live, in IL burbs you are looking at about $165,000 and up.
2007-12-16 10:36:29 · answer #10 · answered by Super_freak 2 · 0⤊ 0⤋
Based on the detailed information you have provided:
Between $40,000 to $500,000.
2007-12-16 10:37:23 · answer #11 · answered by Nick 5 · 0⤊ 0⤋