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Answers (4)
Best Answer
- Dan, "the_country_hick"
- Contributions:4694
Take a look at the 2 links below. You will see how selling costs can make a good investment a bad one if not enough time is spent owning a house.
"Does it make more sense to buy, or to rent? Here is the way to find out for sure."
"Why rent if you could buy for less money? Valid reasons inside."
"Does it make more sense to buy, or to rent? Here is the way to find out for sure."
"Why rent if you could buy for less money? Valid reasons inside."
"best" and "short term" don't go together with real estate investing...
close to 10% of the sales price disappears in a sale: commissions, title charges, fees, etc.
In the short term, i.e. anything less than a minimum 7 years, in a normal market, you might barely break even, or even lose money. If you need a short term place to stay, rent.
close to 10% of the sales price disappears in a sale: commissions, title charges, fees, etc.
In the short term, i.e. anything less than a minimum 7 years, in a normal market, you might barely break even, or even lose money. If you need a short term place to stay, rent.
- Jim Stevenson, "therealtorguy"
- Contributions:1111
Condo vs home depends a lot on your life style. If you are busy and don't have much time time for yard maintenance, a condo might be right for you.
If you have time to spend and want to plant a garden, paint the trim on your house a different color, a house might be better for you.
If you have any friends that currently live in a condominium community, ask to review their condo documents and see if that is something you can live with ... several rules and regulations. But the grass will be cut and the snow will be shoveled.
If you have time to spend and want to plant a garden, paint the trim on your house a different color, a house might be better for you.
If you have any friends that currently live in a condominium community, ask to review their condo documents and see if that is something you can live with ... several rules and regulations. But the grass will be cut and the snow will be shoveled.
- wetdawgs
- Contributions:26804
There is no residential property that should be considered a "short term investment". As selling costs are about 6 to 10%, and if you are lucky housing prices are stable in your area (most are still going down), don't buy unless you have a time frame of 5 or preferably 10 years or more.
Considering Condo vs. house as a 1st time owner in NE Ohio.What's the best short term investment?
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