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Resale Value 1 Bedroom Condo All Locations : Nationwide Real Estate Advice

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Activity 205
Showing results for Resale Value 1 Bedroom Condo [Clear search]
Sun Apr 21, 2013
Mirna Johnson answered:

If you are working with a realtor, they should be working for you and what's in your best interest. Most townhomes do have maintenance fees that are either paid monthly or yearly it depends on the complex itself. If you do have a realtor I would suggest you talk to them about your concerns. If you do not have a realtor please call me and I will be glad to assist you.

Mirna Johnson
Re/MAX CityView
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0 votes 24 answers Share Flag
Tue Mar 22, 2011
scott farmer answered:
In todays market as a buyer you have a lot of purchasing power. Find out from a qualified loan officer what you can be approved for price-wise, then look for a SF home that meets your requirements. In the long run you will find that a SF home will be a place that you can grow into and stay longer and won't have to move a few years down the road because you've out grown it.

Good luck in your pursuits!

Sandy Farmer
Realtor, GRI, CSSN
John Hall & Associates
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0 votes 38 answers Share Flag
Tue Jan 25, 2011
John Reinhardt answered:

When buying a condo in the midtown market going with a two bedroom is a better choice.

I would be more than happy to look the condo up for you. If your already working with a agent have them do it for you.

John J. Reinhardt
Residential, Commercial, and Land

T 770.475.1130 Ext. 6806
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0 votes 15 answers Share Flag
Sat Jan 8, 2011
Karina Abad answered:
Hi Jen! I own in Jersey Heights and lived there for two years. You are right, there is a lot of inventory in the Heights and unfortunately alot of homes are in default as well, affecting values. If you are looking to make an investment there, you should consider a single or two family vs condo, or if it must be a condo, then look for larger unique condos or those close to the light rail.
Selling in 4 to 5 years can be risky no matter where you buy. If you'd like to increase your profits then you should look for a longer hold that will yield less risk and maximize returns.

Since you're a first time buyer there are many things you should be looking at, not just the investment aspect of purchasing.

I work with many first time home buyers and I'd be happy to help navigate through the waters with you. Feel free to email me. You can check out my blog for some sales stats as well. I report downtown Jersey City on a weekly basis and Hoboken.

Best!! And Happy New Year!!
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0 votes 8 answers Share Flag
Sat Dec 18, 2010
Anna M Brocco answered:
Buy what will best suit your finances, wants, needs, lifestyle, etc.; as for resale, unfortunately none of us can answer with accuracy, as none of us can predict the future.
0 votes 8 answers Share Flag
Wed Dec 15, 2010
Paulette Korr answered:

There are many ways to do what you wish to do. The key is to hire a good property management company to help with either a single family house, townhouse or condo. What did you have in mind for your budget for purchasing? Please call me to go over all options and more criteria to help you.

Paulette Korr
Five Star Realty Group LLC
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0 votes 15 answers Share Flag
Fri Dec 17, 2010
Brandon Denman answered:
Hi Oliver,

Your situation is very common. When a couple has their first child, they tend to want to get out of a rental and into a home (or condo/TH) that they own. It is beneficial for tax purposes, but also to provide a stable and safe environment for a child. In your price range, you would be able to find a nice condo or townhome that would fit your needs as well as put you in a good area in terms of school for your child.

If you really want to eventually buy a house rather than be in a condo or townhome, then you might want to think about buying a house now and possibly moving later to another home in a better school district if necessary. If you are trying to sell a condo or townhome to move up to a house, it is usually more difficult to sell a condo or townhouse than to sell a single family home. We also won't see the price appreciation in the real estate market that we saw in the past. Prices will still appreciate, but at a more realistic 2-3% per year rather than the double digit increases we saw during the housing bubble. Also, houses usually will appreciate quicker than condos or townhomes.

Feel free to contact me if you wish to discuss in more detail or have any questions. Congratulations on your first child (always a very fun and exciting time - Enjoy!) .


Brandon Denman - Realtor, CDPE
DRE # 01378663
Pacific Coast Real Estate
650-303-0880 650-303-0880 cell
650-560-6142 e-fax
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0 votes 9 answers Share Flag
Wed Feb 9, 2011
Ruth and Perry Mistry answered:
Good morning Joe:

Sunnyvale is a very good and coveted area, just as Cambrian, Willow Glen and Almaden in San Jose.
Also, the homes at Serra Wood are stunning and show well. The ask price of $190K etc. is great
start and should ramp up quickly on the 15th.

Check the price trends out in Sunnyvale.

You do know in time more Town Homes and Homes will be coming up around you making it a fine new

Keep in mind if you are buying it as an investment property it will a nice one, as you can attract
so many Professionals from around the high tech. companies.

Feel free to get in touch with me.

Best Regards
Perry & Ruth
Coldwell Banker
Ranked in the Top 100 for Sales
in Silicon Valley.

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0 votes 19 answers Share Flag
Sat Aug 9, 2014
Greg Fowler answered:
Mr Renter,

Sounds like you are in a great position to buy either. I believe your decision is a lifestyle choice. A townhome can offer reduced maintenance, common area features, a close community and other benefits of close by neighbors. A single family home has the benefit of being a bit more private.

When making this decision, I would purchase the type of home in which you will be most comfortable as a primary goal.

I would be happy to send you a copy of my home buyers guide which has a number of great questions to help you identify the best type of home for your lifestyle. Working through this guide will help you focus on the features that are most important to you, and I believe will help you clearly answer whether a townhome or a single family house is best for you.

Greg Fowler
Keller Williams Dallas City Center
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0 votes 28 answers Share Flag
Sun Feb 10, 2013
Nick Gervais answered:
Hi Baran,

I would be happy to discuss your options with you further in person if you'd like.

We could definitely help you find properties to purchase as well as work with you to find rental tenants.

Feel free to contact me any time with questions.

- Nick
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0 votes 24 answers Share Flag
Mon Nov 1, 2010
Ryan Gossett answered:
Good afternoon Rsk,

You are probably looking in the $200k ish price range. We could find your something for less, but i would advise we focus on the return on investment and your budget, rather than just focusing on price along. Please let me know if you would like some assistance.
Ryan Gossett
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0 votes 13 answers Share Flag
Fri Oct 22, 2010
M K answered:
The link to my property is listed below.
0 votes 11 answers Share Flag
Sat Oct 30, 2010
Luciano Marquez answered:
When you are ready to buy and need a condo or home inspection I can be of service.
0 votes 2 answers Share Flag
Sun Sep 12, 2010
Lance King answered:

It's pretty hard to give an estimate like that without seeing the property. I would contact an agency that handles rentals (we don't) and have them come take a look.

With a tenant in there make sure you do it with permits.

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
... more
0 votes 3 answers Share Flag
Fri Oct 19, 2012
Eric Thompson - Coldwell Banker - answered:
If you can inexpensively convert to a 2 bedroom unit and are left with two decent sized rooms you're probably better off making the two bedrooms in most cases. There are buyers who are search for a mininimum number of bedrooms and by having 2 instead of 1 you open yourself to more possible buyers. ... more
0 votes 5 answers Share Flag
Tue Dec 16, 2014
Terri Vellios answered:
It depends on your needs and budget. Resale is based on first location, then bedrooms and bath. I know Cambrian well, so if I may answer you more specific about a home or area, drop me an email. ... more
0 votes 15 answers Share Flag
Thu Oct 28, 2010
Dan Chase answered:
Consider the site below. Maybe they know something I do not.

The Silicon Valley is one of the places pulling out of the downturn with higher home prices and more sales. But a lack of inventory of lower priced distressed properties, including foreclosures should be aided in the second half of the year as lenders ramp up efforts to take back homes in default. San Jose home prices are forecast to inflate an average of 11.8% for the year. With some of the highest median prices in the country, nearby Los Gatos and Cupertino should edge out slightly better averages.

Houses built after about 2002 could have chinese drywall in them. The same is true for remodels done during that time.

Older houses are more likely to have less efficient furnaces and a/c. They may not be as well insulated.

Houses from the 70's back could have lead paint or asbestos in them.

Every piece of equipment has a finite lifespan. You may find an older house will soon need many repairs. The purchase price should reflect this.
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0 votes 9 answers Share Flag
Wed Jul 14, 2010
Eric J. Dilone answered:
Hi M.T. Are you buying a re-sale, or directly from the building? Let me know and I'll do a quick analysis for you.

Eric J.
0 votes 11 answers Share Flag
Thu Jul 15, 2010
Miroslava answered:
Real estate is all about location. Where would the single family house exactly be? The condos in downtown Boston have held its value unlike some Boston suburbs were the prices significantly dropped. if you give me the town name I would be happy to email you market reports for both areas.

Miro Fitkova
Fitkova Realty Group
p 617-232-3220
cell. 617-921-9952
fax. 617-608-1632
... more
0 votes 6 answers Share Flag
Mon Apr 21, 2014
TheRECoach answered:
YES! Wish I could drone on and on, but it just doesn't matter. The answer to your question is YES!

Best of luck!

0 votes 19 answers Share Flag
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