I believe investing in house and lot would be a great investment, especially in Quezon City. However, I do not think buying condos would be a good investment move though, because of its 50-year lifespan (condos would have to be taken down after 50 years, since cost of maintaining would be more than creating a new condominium property).
There is also the earnest money deposit, home inspection, appraisal, and closing costs to consider. REALTOR® Chad Dutcher..
On Billionaires’ Row, the ultra-wealthy buy sky-high penthouses they. with more than 40% of condos unsold, Curbed New York.
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6 things you’d better know before you buy a condo A condominium allows you to wade into homeownership without plunging into the responsibilities. You pay dues to a condo association, which typically handles exterior building maintenance. You may also find trouble – if you don’t ask the right.
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5 things to consider when purchasing a condo 1. condo fees. Condo association fees are calculated based on how many units there are, what it costs to maintain the property both short and long-term, whether or not the community is professionally or self-managed, and funds necessary to set aside for litigation and major repairs.
· Why Is Buying a Condo a Good Investment? Let’s first explain a number of benefits you’ll enjoy when investing in a condo. Property investors consider buying condos for sale because: They are More Affordable . In general, buying a condo is way cheaper than buying any other types of real estate, such as a detached single-family home. In some real estate markets across the United States, the.
· First and foremost, if you’re buying a condo purely as a rental property, you need to consider your target market. For example, if you determine that your ideal market is luxury buyers, look out for high-end finishes and upscale building amenities.
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Before moving to a condo building with close neighbors, common space, and a host of rules and regulations, be sure to consider some of these important factors. Here are our top ten tips for buying a condo in DC, Alexandria , Arlington , Fairfax County and throughout the DC Metro Area.
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What factors should I consider as weigh this decision. Yes, the idea is to use a large chunk of the proceeds from our current home to buy a condo. Northern VA prices being what they are, a good,