{"id":177,"date":"2019-01-09T07:44:32","date_gmt":"2019-01-09T12:44:32","guid":{"rendered":"https:\/\/propertyonion.com\/education\/?p=177"},"modified":"2019-09-09T08:50:19","modified_gmt":"2019-09-09T12:50:19","slug":"condo-vs-home","status":"publish","type":"post","link":"https:\/\/propertyonion.com\/education\/condo-vs-home\/","title":{"rendered":"Condo Vs Home Investing &#8211; which wins?"},"content":{"rendered":"\n<p>As you look for ways to invest in real estate you come across a few options that have you intrigued like Condo Vs Home investing. Homes are available for sale and they are a smart investment. However, they also cost a lot and if you are looking for something that\u2019s low-maintenance, condos may offer a better option. One thing you have to make sure you look for is condo associates that allow you to rent out the units.<\/p>\n\n<p>With plenty of options available, you have a decision to make. Your budget may influence that decision even more. However, putting budget aside, here is a breakdown of the advantage each option offers:<\/p>\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">In this Article:<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/propertyonion.com\/education\/condo-vs-home\/#Condo_Vs_Home\" >Condo Vs Home<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/propertyonion.com\/education\/condo-vs-home\/#Home_Vs_Condo\" >Home Vs Condo<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Condo_Vs_Home\"><\/span>Condo Vs Home<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>Condos are more affordable to purchase, easier to maintain and rent out. Rather than hoping to find someone who can afford $2,000 a month for rent, you can rent a condo out for half the price. You also have the benefit of showcasing the advantages of the property; gym, pool, landscape, etc.   Another great advantage is that you only have to worry many times about maintaining the inside, not the roof, the outside walls, &amp; landscaping.<\/p>\n\n<h2><span class=\"ez-toc-section\" id=\"Home_Vs_Condo\"><\/span>Home Vs Condo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n<p>Homes do have their advantages including being able to find ones with no monthly association fees. You also do not have to worry about the association influencing your situation. There is usually less issue with neighbors as you are more secluded and don\u2019t share walls with them, and you can make a larger profit off the rent once the property is paid off since there\u2019s no monthly association dues.<\/p>\n\n<p>Again, both options give you a lot of advantages. If this is your first time buying and renting out a property, condo\u2019s come with less risk because they are not expensive and usually are easier to sell or rent out. If you are interested in holding the property for 15-20 years, then you may be better off looking into buying a house. It offers more long-term benefits financially as well as gives you the opportunity to make upgrades to increase the value before a sale.<\/p>\n\n<p>Remember, the market will also influence your decision when it comes to Condo Vs Home investing, so it\u2019s important to take a look at the value of property.   Some condos seem like no brainer decisions as their prices are super low but the rent is sky high.  Closer examination might reveal the condo has an upcoming large assessment for a new pool or other major expense that every condo owner will need to pay, some assessments are in the 10\u2019s of 1,000\u2019s of dollars!  Another reason <a href=\"https:\/\/propertyonion.com\/education\/florida-condo-crisis-experts-warn-of-safety-and-financial-risks-as-boards-stall\/\" title=\"Florida Condo Crisis: Experts Warn of Safety and Financial Risks as Boards Stall\"  data-wpil-monitor-id=\"67\" target=\"_blank\">condos<\/a> might have suppressed prices is they are highly restrictive like a 55+ only where you have to be 55 or over to live there.  After the great recession many condo associations in Florida especially enacted new rules barring any new condo owners from renting for 1 or 2 years after purchase.   Always do the research and get good at finding the details, it usually is the difference between millionaire investors and failed ones!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As you look for ways to invest in real estate you come across a few options that have you intrigued like Condo Vs Home investing. Homes are available for sale and they are a smart&hellip;<\/p>\n","protected":false},"author":15,"featured_media":178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[71,72,3,67],"class_list":["post-177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investing-articles","tag-condo","tag-home","tag-investing","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":3,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/177\/revisions"}],"predecessor-version":[{"id":6466,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/177\/revisions\/6466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media\/178"}],"wp:attachment":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media?parent=177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/categories?post=177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/tags?post=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}