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01-11-2008, 12:24 PM
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Senior Member
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Join Date: Dec 2007
101 posts, read 119,466 times
Reputation: 11
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buying a condo, 2bdroom or one?
I'm looking at buying a condo in a mid/high rise in bergen county. Is there an advantage to buying a 2bdroom instead of a 1bdroom (from an investment and future resale (or rent) value perspective)? Also, does it make sense to buy a condo right now when prices for houses have fallen a good amount while prices for condo's remain nearly unchanged?
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01-11-2008, 12:43 PM
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Senior Member
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Join Date: Aug 2007
Location: Mount Laurel
526 posts, read 527,726 times
Reputation: 79
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2brs always have better resale value.
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01-11-2008, 12:48 PM
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Not a member
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Join Date: Sep 2007
Location: Atlantic Highlands NJ/Ponte Vedra FL/NYC
2,693 posts
Reputation: 328
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another vote for a 2 bdr
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01-11-2008, 01:09 PM
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Senior Member
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Join Date: Jul 2007
Location: High Bridge
2,739 posts, read 2,308,686 times
Reputation: 513
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JerzBoy is right, 2BR is right for more people than a 1BR. Even a single person likes a second bedroom for an office or some such, so I vote 2BR also.
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01-11-2008, 01:17 PM
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Senior Member
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Join Date: Feb 2007
Location: NJ
6,587 posts, read 5,661,442 times
Reputation: 1375
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2 bdrm!............
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01-11-2008, 01:32 PM
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Senior Member
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Join Date: Dec 2007
101 posts, read 119,466 times
Reputation: 11
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Is 2 bdroom just better if I plan to re-sell it or is it also better if I plan to rent it out at a later point?
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01-11-2008, 01:35 PM
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Queen of Oxford
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Join Date: Oct 2007
Location: Redneckville, NJ
2,699 posts, read 1,669,977 times
Reputation: 597
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Without a doubt....2 bedroom.
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01-11-2008, 01:45 PM
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Senior Member
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Join Date: Jul 2007
Location: High Bridge
2,739 posts, read 2,308,686 times
Reputation: 513
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Quote:
Originally Posted by amelen
Is 2 bdroom just better if I plan to re-sell it or is it also better if I plan to rent it out at a later point?
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My answer.... Yes  |
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01-11-2008, 01:52 PM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,047 posts, read 4,077,280 times
Reputation: 1683
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Rent or sell..2bdrm is better
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01-11-2008, 01:57 PM
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Senior Member
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Join Date: Dec 2007
101 posts, read 119,466 times
Reputation: 11
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Thanks guys!
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