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:
Apartments Might Be Down The Lane For Former Bowling Alley Property
Staff Reports
-
Nov 8, 2024
|
|
Palliative Care Clinic Opening On Shipyard Boulevard
Staff Reports
-
Nov 7, 2024
|
|
Unofficial Local Election Results Show Narrow Margins, Incumbent Support
Emma Dill
-
Nov 6, 2024
|
|
Avelo Starts Florida, Connecticut Nonstop Flights From ILM
Staff Reports
-
Nov 7, 2024
|
The lab was set up in a renovated two-story former bank near Novant Health New Hanover Regional Medical Center’s South 17th Street campus....
Merritt has been and done many things in his life, and he’s comfortable talking about it, the successes and the failures. A commercial real...
The expanded space helps speed up the work needed to commercialize the company’s enrichment technology, said CEO Stephen Long. GLE also cont...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.