Investing in Condos and Townhomes

A popular choice for owners to keep as an investment as they move into a single family home. These are also great purchases for first time investors. They are appealing due to the lower cost of purchasing and maintance than a single family home. 

Advantages 

  • Lower priced than single family homes
  • HOA fees typically take care of the grounds 
  • HOA fees usually cover the building exterior and roof with condos
  • Easier to maintain

Know before you buy

  • HOA's may restrict the amount of rentals allowed
  • Some HOA fees impact cash flow or makes it too costly to maintain as an investment
  • Lower rental potential
  • Special assessments or increased fees can be imposed by the HOA
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