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Updated 12 months ago on . Most recent reply

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Liad Amir
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Condo vs house

Liad Amir
Posted

What are people preferences? i own few condo's in NJ and find the association a pain. On the other hand, not dealing with roof, pipes etc damage is a big deal for me. 

Any comments/advice? 

are there areas where condo's are better then houses? 

Most Popular Reply

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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
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River Sava
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

Hey Liad - 

Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes. You also might face unexpected costs like special assessments, and market saturation could impact rental yields/resale values. Definitely something to consider when looking in addition to understanding if it is warrantable or non-warrantable and limitations as such. 

Happy to connect if you have further questions. 

  • River Sava
  • [email protected]
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