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:
Inaugural Avelo Flight Touches Down At ILM
Johanna F. Still
-
Jun 30, 2022
|
|
New Hanover Community Endowment Names Advisory Council
Neil Cotiaux
-
Jun 30, 2022
|
|
Stepping Up Burgaw's Parks And Rec
Beth A. Klahre
-
Jul 1, 2022
|
|
Commercial Rises In Surf City
Cece Nunn
-
Jul 1, 2022
|
|
Studio Apartments Near Hospital Trade For $3.6M
Cece Nunn
-
Jul 1, 2022
|
Camera Car Service supplies a mobile platform for lighting and camera equipment to create plate and driving shoots for film productions....
An investment by Canapi Ventures is increasing the capacity of a tech startup to serve commercial lenders. Canapi led the recent Series A ca...
From his office in Surf City’s municipal complex, Town Manager Kyle Breuer can see proof that commercial development is on the rise in and a...
The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.