That's a great question. 1 bedrooms are not impossible to sell although you are right that they are more difficult to sell and will take a bit longer to sell than a 2 bedroom.
There will always be people that will need to buy a one bedroom mainly for affordability. They are quite a bit less expensive than buying a 2 bedroom as you may already know from your recent searches. A 2 /1 is definitely doable although a 2/2 is as you say "more desirable." It's always nice to have a bedroom with a master bath and a separate bedroom/bath for when you have guests or even just visitors.
It will allow everyone involved more privacy. Of course it will depend on your budget and your needs. If you are a young person who just wants to "own" something right now and all you can afford is a 1bedroom then by all means go for it. It's a start and a great way to become a homeowner with limited funds.
If however you "CAN" afford a 2/1 or even a 2/2, you will definitely be happier with the extra space and you'll be happier when it comes time to sell.
I hope this helps. Call me if you need some help. There are some great condos on the market right now.
510-407-5073. Tina Perez
I thought you might appreciated some actual research regarding the demand differences of 1/1 Condos versus 2/2 Condo properties in Fremont, Newark and Union City.
Below, I have provided â€œSupply & Demandâ€ charts for 1/1 and 2/2 Condos) over the course of the last 36 months (Q3 2010 to Q3-2013):
2/2 Condos garner ~ 2x the unit sales of 1/1 Condos! In fact, between Q3 2010 to Q3-2013:
1/1 Condo 4Sale units are down 39% and the Sold units are up 16%.
2/2 Condo 4Sale units are down 26% and the Sold units are up 96%.
Now all you really need to do is to figure out which City you should be buying in.
If you lean towards risk aversion I would act before Jan 10, 2014. Hereâ€™s why:
"The Top 4 Challenges Buyers & Sellers will face in 2014!"
as finance stand point its not about 1 bedroom or two, its all about sqft.
Mortgage Loan Manager