Do condos & townhouses make sense as starter homes when the HOA fees are ridiculous? : personalfinance – Special Business Center
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Do condos & townhouses make sense as starter homes when the HOA fees are ridiculous? : personalfinance

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In my space 2 bed room condos in okay areas begin at round $400k however then HOA charges are wherever from $600-$2500/ month (excessive finish clearly will get you some facilities and low finish would possibly get you an elevator and in-unit laundry).

2 bed room townhouses begin at round mid $500k and have HOA charges wherever from $400 – $700.

Then you will get actually shitty SFHs for $700k+. Low finish would imply the home has vital damages/ probably a tear down or it’s far AND in a harmful space. However within the excessive $800s – low $900s you will get fixers in first rate areas.

My concern is that I can afford a apartment however the HOA charges are an excessive amount of. And condos don’t appear to understand like SFHs do, so it appears laborious to justify them as starter properties. Ought to we simply wait it out and hold saving, hoping we are able to afford a SFH in some unspecified time in the future?

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