Townhouse vs Condo?

Hi everyone,

I’m in the market for either a townhouse or a condo in the 500k-600k range. I’ve got my eyes set on one of each. Since the market is pretty inflated right now, I’m curious on whether a townhouse or condo will better retain their value in the future.

Assuming they are in the same neighborhood, am I correct in assuming a townhouse will retain/appreciate in price better? Since you also buy the land that it’s built on, vs the condo where you one the space in side.

Also the condo is being built currently and sold as is by a development company for a flat non-negotiable price, I’m not sure if this is a good way to buy, since I’m never bought anything brand new.

submitted by /u/UsedTask
[link] [comments]

Hi everyone, I’m in the market for either a townhouse or a condo in the 500k-600k range. I’ve got my eyes set on one of each. Since the market is pretty inflated right now, I’m curious on whether a townhouse or condo will better retain their value in the future. Assuming they are in the same neighborhood, am I correct in assuming a townhouse will retain/appreciate in price better? Since you also buy the land that it’s built on, vs the condo where you one the space in side. Also the condo is being built currently and sold as is by a development company for a flat non-negotiable price, I’m not sure if this is a good way to buy, since I’m never bought anything brand new. submitted by /u/UsedTask [link] [comments]

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