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Does Nest Thermostat have built-in temperature sensors? Or are temperature sensors scattered around the condo? : Nest
Main Post: Does Nest Thermostat have built-in temperature sensors? Or are temperature sensors scattered around the condo? : Nest
Is buying a condo worth it?
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I want to buy a house but I realize with the current housing market my budget of 350k will not buy me a forever home in central CT to raise a family. Our household income is ~130k and will likely stay below ~170k even in 4-5 years.
I wouldn’t mind buying a condo to live in for 4-5 years then sell to buy a house. This way even if the market goes down and the condo depreciates I’m not pissing all my money away like I am while renting. Then fingers crossed home prices come down and I can buy a decent house.
Is this dumb or should I wait this out and keep renting until I find a house?
Edit: My argument for not pissing money away by buying a condo is that I’ll be building equity even if the condo depreciates by 10k.
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How does it feel to live in a condo vs a home?
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I've lived in a home before. You got full autonomy within your vicinity.
How about a Condo? Where there are things that are shared, like driveways and yard space?
Is it a pain in the but?
Cheers
Top Comment: Condo living can be a mixed bag. Shared spaces mean less maintenance, but also less control. HOA rules can be annoying. Noise from neighbors can be an issue. But for some, the amenities and lower costs outweigh the downsides.
How do you like living in a condo? Any regrets?
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I’ve been considering buying a condo because for not that much extra a month I can own my own place instead of renting. But i don’t have any experience in purchasing property in Chicago and am not sure what to look out for.
I’m curious how do you with condos like living there, in comparison to renting? Any things you wish you had known before? Thanks in advance for any tips!
Top Comment: No regrets because I wanted to buy and it was my only option in the area I wanted to live. But I did not know the condo association would be such a big deal. Ours is excellent, all things considered, but I’ve still had to be on the board for ten years, which I hate, and it’s a decent amount of work. And a bad one can pretty much ruin your life.
Los Angeles Condo Owners - Happy with your choice? Or Regret It?
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Hi 34M considering buying a 2-3bedroom condo in LA...I would like to start a family with my girlfriend in the next 3-4 years. Looking at 2-3bedroom condos the 1-1.5m range with a lower HOA. For those who own(ed) a condo in LA, are/were you happy with your decision?
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Does anyone regret buying a condo?
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Title- has anyone bought a condo then regretted it for any reason?
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For those who bought a condo: what are some reasons you ...
Main Post: For those who bought a condo: what are some reasons you ...
Is buying a condo not a good investment since you don’t own the land, just the structure ?
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The land is where a lot of the increased value is, not the actual home. So I wonder if a condo is in a city, and fits your lifestyle, is it worth it for when you want to sell, especially with such high costs now? I hear condos are harder for resale too
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Are condos worth it?
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I'm not looking for anything crazy, just a modest starter home. I would prefer something with a yard, but I'm willing to buy a condo if that's what's needed to get my foot in the door. However, when looking over the numbers it just doesn't seem worth it. While I'd need to come up with less for a down payment, everything has a 400-800+ monthly HOA which seems to negate any advantages... I could continue renting and save/invest that amount and come out ahead. On top of that, they seem to sit on the market for a LONG time.
What am I missing?
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Why are people so weird about condos
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It’s just regular homeownership but in a building rather than an SFH! People talk about them like they’re some great evil!
EDIT: ok lol my bad I kinda meant this in the sense of why people seem to oppose allowing them to be built more than apartment rentals/single family homes (besides nlt liking tall buildings/general nimby sentiment). Obviously there are a million considerations/potential downsides for a prospective buyer and you’ve been very helpfully informative on that. “Ugh more condos” etc etc is something people seem to say mindlessly lmao
Top Comment: Lots of people are salty about not being able to own a SFH with a yard. When they finally end up buying a condo, they realize it’s like 80% of the same bullshit as living in an apartment, but also where they are financially responsible for more stuff.