have always been anti condo investments due to low resell value, hoa$/rules, shared walls, etc…
until now, well maybe.
considering this condo-
pros:
under $400 (on the mrkt for approx 4+ months)
in our current community
spacious sq ft and # of bdr./bth.rms
updated renov.
very short walk to beach
parking
laundry
low hoa
on mrkt for approx 4+ months
cons:
condo
hoas
shared walls
no yard (w/patio)
so in the challenge pros vs cons= pros wins.
if we consider living there for the next 2-5 years and then selling or keeping as a rental it could work. IF the investment is a smart one…
after looking at area comps, even at the list price it seems a solid investment. although we would like to wait for the price to drop a bit more.
opinions please re. condo investments in this market(given the pros list) or are we jumping the gun here?
Shared walls aren’t ideal, but they aren’t necessarily a con. We lived in an 80’s townhouse in Carmel Valley for a couple years, with neighbors on both sides, and we NEVER heard them. We also had a crying baby for a good stretch of that time and they never heard him. Some condos are better insulated than others.
That said, I wouldn’t personally consider any coastal condo to be a good investment right now.
Shared walls aren’t ideal, but they aren’t necessarily a con. We lived in an 80’s townhouse in Carmel Valley for a couple years, with neighbors on both sides, and we NEVER heard them. We also had a crying baby for a good stretch of that time and they never heard him. Some condos are better insulated than others.
That said, I wouldn’t personally consider any coastal condo to be a good investment right now.
Shared walls aren’t ideal, but they aren’t necessarily a con. We lived in an 80’s townhouse in Carmel Valley for a couple years, with neighbors on both sides, and we NEVER heard them. We also had a crying baby for a good stretch of that time and they never heard him. Some condos are better insulated than others.
That said, I wouldn’t personally consider any coastal condo to be a good investment right now.
Shared walls aren’t ideal, but they aren’t necessarily a con. We lived in an 80’s townhouse in Carmel Valley for a couple years, with neighbors on both sides, and we NEVER heard them. We also had a crying baby for a good stretch of that time and they never heard him. Some condos are better insulated than others.
That said, I wouldn’t personally consider any coastal condo to be a good investment right now.
