Buying a condominium or a townhome can be a great way to start investing in real estate. The cost is relatively low compared to purchasing a single family home, and many of the neighborhoods where condos and townhomes are located have a variety of amenities, from pools and spas to fitness centers and tennis courts.
Amenities will often enhance a property’s appeal to potential renters. Of course they can also increase a property’s resale value, but what gave me pause as I spoke with a client recently was the idea that amenities can also reduce a property’s value if they are in bad condition.
This leads to a larger idea – that many issues are specific to purchasing a condominium or townhome. To help others achieve their goals, whether buying a condo as an investment or a primary residence, I wanted to share five things to consider before making a purchase:
Conservation Group Signs $8M Deal To Buy The Point On Topsail Island
Audrey Elsberry
-
Mar 26, 2024
|
|
National Organization Bestows Top Award On Cape Fear Professional Women In Building
Staff Reports
-
Mar 26, 2024
|
|
Engineering Firm Hires Four Employees
Staff Reports
-
Mar 26, 2024
|
|
N.C. Ports Officials React To Baltimore Bridge Collapse
Audrey Elsberry
-
Mar 26, 2024
|
|
NCino's Fourth-quarter Earnings Signal Rebound From Liquidity Crisis
Audrey Elsberry
-
Mar 27, 2024
|
A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...
Jack Fleming, owner of Socialry Marketing & Scourz and emcee for 1 Million Cups Wilmington, shares his media and tech picks....
The planning for Pender Commerce Park began in the early 2000s when the county wanted to create an economic driver on its largely rural west...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.