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Updated over 5 years ago on . Most recent reply
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Purchasing a Condo vs SFH, townhome/rowhome, etc
When does it make sense to purchase a condo over a SFH, rowhome/townhome, etc.? I would assume with a monthly variable condo fee that it would never make sense to make the purchase. In the past a realtor tried making a pitch to me that its in my best interest to purchase a condo due to me previously living in an apartment. His reasoning was due to the amount I was paying in rent.
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Short answer: Price is the key factor.
I think that realtor's reasoning is poor. In my opinion condo status reduces value by X dollars. Determine what X is in your market and then evaluate. For the right price I would definitely consider a condo if the association was well managed and had reasonable rules.