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Old 09-28-2019, 12:28 PM
 
Location: Stuck on the East Coast, hoping to head West
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I don't see either as an investment if it's for personal use. I prefer single family houses without an HOA.

As a rental property, I'd go with a multi-unit structure.

For resale, I would go with whichever you can maintain and update. Locally, I see townhouses that are updated sell faster than single family houses that are not---even when they listed at a much lower price.
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Old 09-28-2019, 11:54 PM
 
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Quote:
Originally Posted by austinnerd View Post
But one literally pays a price for the maintenance so any HOA dues need to be factored in which can really eat into either cash flow or profit (or both) depending on the amount.
A SFR is usually more expensive in carry costs. My old HOA fees ran 250 on one house 300 in another.

My landscaper here costs $125. Last guy was $145. Electrical and water is higher and I gotta pay trash. My costs are higher in SFR.
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Old 09-29-2019, 10:21 AM
 
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Originally Posted by Electrician4you View Post
A SFR is usually more expensive in carry costs. My old HOA fees ran 250 on one house 300 in another.

My landscaper here costs $125. Last guy was $145. Electrical and water is higher and I gotta pay trash. My costs are higher in SFR.
Understood, that's why I said "depending on the amount" and it also depends on how much actual use you get out of any HOA amenities. As an example, there are some condos here where the HOA runs about $.70-$.75/sqft. That's a pretty hefty fee (at least for me), which if you are not really using all the amenities then probably doesn't represent good value.
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Old Today, 01:17 PM
 
Location: Lakeland, Florida
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I see townhomes in Fla, that do not have HOA fees. Basically one level duplex structures. Lawns always look cut and bldg structure look taken care of. So if there is no hoa, then the owners must be taking care of their property. What happens if a home is sold. and the next owner doesn't maintain property. If there is no hoa I don't see how a no HOA fee would work in this case. I don't see how any enforcement could take place then.
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