House_hacking VS. Buying New House

[Solomon Mamo]

Hello Dear BiggerPocketres,

First of all i would like to thank you all for your suggestions on my previous posts. 

Today i have another question for you. Your suggestions and comments will help me decide which way to go.

I bought this luxury condominium in January 2012. It is a 2 Bedrooms / 2 Baths, 1277 Sq.Ft in one of the premium area of the Suburban Washington, DC. I bought this condo for $249k. The condo fee is $429 a month. The value of the condominium now is between $283k-$320k. My current monthly payment including the condo fee is $2000. This really strains me financially, so I have decided to sell this condo and buy another type of property.

After i joined this blog, it came to my mind that i can buy a multifamily or home (townhome) with finished basement, where i can rent part of the property. 

Here is where i need your suggestion and help; 

Option 1) There is a new Premium outlet mall which will be opened in Fall 2016 six miles north of my current place. Winchester homes is building luxury single homes and townhomes round the new mall. The cheapest townhome with no options is $367k. The prediction is the value of these properties will increase in two years due to the mall and location.

or

Option 2) I live in an area where many people are renting basements and other form of property (as far as the place is not far from bus/metro). Most of the properties which have basement(s) or multifamily properties are old (>50 years old) and are in the price above $350k.

Which option do you think is a good investment? long term and short term?

Thanks

Solomon