Yes, to answer your question: Do condos have good resale value? I must say that condos can have good resale value, but it depends on the location and transport facilities. If the condo is in a prime area, the price will automatically increase. Condos can have a competitive resale market, particularly in oversaturated markets. They may not appreciate in value as quickly as single-family homes, and selling one may take longer.
Do Condos Have Resale Value?
Yes, condos do have resale value. If the condo is in a prime area with good amenities, it will have a higher value.
Compared to apartments, condos typically have a higher resale value. This is because of the attractiveness of shared amenities, the possibility of personal modifications, and their individual ownership model.
Condos in good neighbourhoods with great amenities, close to work, and near public transport usually have better resale value.
Next, check the market value of the area. If there's high demand in that particular location, you can expect a good resale value.
If you maintain the condo well, buyers won’t be able to negotiate much because the condo will be in perfect condition.
And don’t forget about condo association fees. If the fees are too high, it could turn some buyers away and affect the resale value.
I hope this will help you.
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Do Condos Have Good Resale Value?
Akil56
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2025-03-27T19:25:39+00:00 2025-04-01T11:09:14+00:00Comment
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