U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
 
Old 03-26-2012, 12:08 AM
 
1,062 posts, read 885,821 times
Reputation: 810

Advertisements

Wondering if anyone knows...
Is it easier or better to rent out a 1 bedroom condo or a 2 bedroom condo?
Thinking of getting a condo for me and my husband, then down the line renting it out.
I'm thinking maybe a 1 bedroom might be easier because they'd be a single person or newleywed?
On the otherhand, people like space for an office or a kid or two.
Any stats on this?

Thanks!
Reply With Quote Quick reply to this message

 
Old 03-26-2012, 09:02 AM
 
2,402 posts, read 2,022,962 times
Reputation: 2092
2.
Reply With Quote Quick reply to this message
 
Old 03-26-2012, 10:06 AM
 
1,290 posts, read 2,566,292 times
Reputation: 691
not something that is easy to answer, for
1, where?
2) how much is the rent on a 1 vs a 2 in the area you're in.
3) how much is the cost difference to own either?

I know a lot of areas of the country that rent is realitively cheap, even as a single person or married couple a 2br isn't abnormal, and is desireable.

where I live, it is a significant diff in price to rent a 2br vs 1br, and same for purchase.

Whatever you do unless you're in a SUPER high cost area, skip studios
Reply With Quote Quick reply to this message
 
Old 03-26-2012, 01:17 PM
 
1,062 posts, read 885,821 times
Reputation: 810
Quote:
Originally Posted by Chrisk327 View Post
not something that is easy to answer, for
1, where?
2) how much is the rent on a 1 vs a 2 in the area you're in.
3) how much is the cost difference to own either?

I know a lot of areas of the country that rent is realitively cheap, even as a single person or married couple a 2br isn't abnormal, and is desireable.

where I live, it is a significant diff in price to rent a 2br vs 1br, and same for purchase.

Whatever you do unless you're in a SUPER high cost area, skip studios
I think I heard that a 2 bedroom condo is better for resale, and at least a 3 bedroom for an SFR.

We live in a pretty expensive area... South Orange County.
We're in a one bedroom apartment at the moment and since it's just the two of us, it's fine. However, we're looking to buy, (can't really afford a house here right now) and thinking it could potentially be a rental in the future.

Where I am right now, the difference between a one and two bedroom apartment is about 400 dollars.
A condo complex we have our eye on have one and two bedrooms and they seem to have a 40-60 K difference. The 2 bedrooms have a one car garage so that also a plus.

Thanks for the feedback, and you're right, we will not consider a studio!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top