Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > 2+2 Communities > EDF

Reply
 
Thread Tools Display Modes
  #1  
Old 03-24-2007, 04:46 PM
fish2plus2 fish2plus2 is offline
Senior Member
 
Join Date: Apr 2006
Location: El Diablo Forum
Posts: 2,613
Default Buying a Condominium

Is a condominium a worse investment than a house because you do not own any land?

Does the average condominium increase or decrease in value as time goes by?

What is the life span on a condominium?

What are somethings you should consider in a condominium? (stuff like # of elevators, fire exits)
Reply With Quote
  #2  
Old 03-24-2007, 07:14 PM
BPA234 BPA234 is offline
Senior Member
 
Join Date: Jan 2005
Location: Sarasota, FL
Posts: 895
Default Re: Buying a Condominium

Where are you buying?
Reply With Quote
  #3  
Old 03-24-2007, 07:16 PM
fish2plus2 fish2plus2 is offline
Senior Member
 
Join Date: Apr 2006
Location: El Diablo Forum
Posts: 2,613
Default Re: Buying a Condominium

Bangkok Thailand.
Reply With Quote
  #4  
Old 03-24-2007, 07:20 PM
octopi octopi is offline
Senior Member
 
Join Date: Dec 2005
Posts: 741
Default Re: Buying a Condominium

I wouldn't buy in Thailand right now... for investment. But if you want a better place to live, go ahead. The dollar vs the baht is [censored] insane right now and there is a bit of instability in the area (as I'm sure you are aware). I'm not sure it's the best plan.
Reply With Quote
  #5  
Old 03-24-2007, 08:17 PM
BPA234 BPA234 is offline
Senior Member
 
Join Date: Jan 2005
Location: Sarasota, FL
Posts: 895
Default Re: Buying a Condominium

I was hoping you would answer Florida. I could give you a lot of info. I don't know anything about condo's in Thailand> But, I would assume that there would be some similar concerns.

Maintenance fees (can be a major cost), owned or leased land greatly affects resale, general condition of the building, current state of market (this is huge-4 years ago in FL you could have purchased units for 250 that 2-years ago were selling for 650-700 that are now sitting vacant w/no buyers), quality of construction (huge implications if your're buying new-(sound isolation is very important) costs of insurance.

Sorry I can't be more help.
Reply With Quote
  #6  
Old 03-24-2007, 08:26 PM
elus2 elus2 is offline
Senior Member
 
Join Date: Oct 2004
Location: vancouver
Posts: 1,609
Default Re: Buying a Condominium

Leaky condos have been a major problem here in Vancouver and the surrounding suburbs. Due to shoddy building codes and the use of inferior materials many condo owners are having to foot the bill when the roof starts leaking. It can take a year or even over a decade before things start going bad too.
Reply With Quote
  #7  
Old 03-24-2007, 09:30 PM
lapoker17 lapoker17 is offline
Senior Member
 
Join Date: Sep 2004
Location: FEELING YOU
Posts: 4,988
Default Re: Buying a Condominium

as far as comparing them to houses with land - they're simply valued for what they are. one isn't inherently less valuable on its face.

when looking at condos - in addition to the usual stuff like location, the current market - you need to find out about special assessments (have there been any recently, are there any on the horizon) and you need to know how much cash the association has in reserves.
Reply With Quote
  #8  
Old 03-24-2007, 09:39 PM
GottiHotti GottiHotti is offline
Junior Member
 
Join Date: Mar 2007
Posts: 14
Default Re: Buying a Condominium

The owners ASSociation is something you to consider as well. Get a copy of the bylaws and study dat [censored]. There's a lot of haters out there
Reply With Quote
  #9  
Old 03-24-2007, 11:53 PM
BeerMoney BeerMoney is offline
Senior Member
 
Join Date: Apr 2004
Location: Getting Electrocuted.
Posts: 4,587
Default Re: Buying a Condominium


Just keep renting f2p2.
Reply With Quote
  #10  
Old 03-24-2007, 11:54 PM
JacKnight21 JacKnight21 is offline
Senior Member
 
Join Date: Jul 2006
Location: Rhino
Posts: 180
Default Re: Buying a Condominium

I prefer condos for the life style but in general they will cost more per square foot. They will cost more per square foot to maintain and they will appreciate slower. They weather poor real estate markets worse and when you sell it looks too similar to everyone else in the building thats selling. That being said I would still get one in the best location possible.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 06:02 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.