Townhome Vs Single family home

Oracle / Mgmt uhtred_1
Jul 11 41 Comments

Townhome common wall: 270k
Single family home : 480k

Which one to choose in terms of price appreciation
and rental?

Currently on H1B visa

comments

Want to comment? LOG IN or SIGN UP
TOP 41 Comments
  • Yahoo / Design getAway
    If you have a h1b, don't buy anything. When they issue rfes you will suffer.
    Jul 11 11
    • Yahoo / Design getAway
      Good luck thinking about selling!
      Jul 11
    • OSIsoft sin shady
      Not to be biased, but getAway, you might have heard about a bad experience and extrapolating that to every home buying instance. I agree Stocks might have a quicker recovery but then they also have a steep fall, unlike the housing market (except one time in the last 100 years - 2008-2012). Also, people might not be able to sell homes that quickly but they can always have a rental income which in addition to the home value appreciation is not a bad option. In the larger scheme of things stocks might give better returns overall but owning your own home and getting rid of pumping money into rentals is a big factor to consider too.
      Jul 12
    • Yahoo / Design getAway
      Agree.
      Jul 12
    • Oracle itcon
      It is not easy to sell. First you have to account for closing costs which is around 5-6k every where plus 5%broker commission for selling. So selling in one year will need at least 7-8 percent of appreciation. I haven’t not even accounted for hoa/property tax/maintenance etc. so stock is more liquid and you can move money to cash/bonds/mf based on how market performs.unless someone has 10 year horizon house is not a good investment.
      7d
    • Oracle seg fault
      With a house you are making growth on someone else's money via a loan. Unlike investing in the stock market with your own money. Have a large enough cash fallback in case of job loss and you'll be fine. Also, waiting for a market crash to buy a house may not help as a crash 5 years from now probably won't even crash the price as far as the seemingly inflated price is today. Also, stay away from HOA's, especially if you plan to turn into an investment property.
      2d
  • OSIsoft sin shady
    SFH, provided it's not in one of those societies that has HOA associated with. Owning a Townhouse will have you shell HOA cost every month, plus depending on how long you intend to keep it, you might have to shell out for other HOA board decided and voted upon special projects (painting, road repair, roof repair, etc.), which might be several thousands of $$. SFH gives you full freedom and flexibility to manage your property (plus expansion if you every want to do that).
    P.S: I believe the appreciation on SFH is better than on townhomes too, but that might be location to location basis.
    Jul 11 1
    • Oracle / Mgmt uhtred_1
      OP
      Thanks.. HOA of that society is 40$/month with good community which has an elementary and high school located in the same community.. I think I will opt for SFH
      Jul 11
  • Google 3lineguy
    I bought a townhouse ~13 years back. So far, I have paid about $50K in HOA fees. I wonder if I should just have paid 50K or even 100K more and bought a SFH back then.
    Jul 11 2
    • Oracle / Mgmt uhtred_1
      OP
      Thanks for the information.. our HOA is 40$/month for SFH
      Jul 11
    • H&R Block / Eng Olve
      I hope you got 50k worth of grass cutting and snow removing!
      Jul 12
  • H&R Block / Eng Olve
    In general the less you pay for it the better....if its shity, all the money you spend to not make it shity is tax deductible ...and you increase value of the house when you done with not making it shity.
    Jul 11 2
    • Google ppry
      Is home improvement money tax deductible?
      Jul 11
    • H&R Block / Eng Olve
      If it's a business Yes....duplex; renting the other half is a business. The other deduction available is for home offices.
      Jul 12
  • Facebook public2
    Sfh, always.
    Jul 11 0
  • Oath Atinlay2
    🙄
    Jul 11 4
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    There are a lot more variables than price. Without these, you’re just getting other people’s biases.
    Jul 12 0
  • Oracle 084067
    F HOA. -> SFH hands down.
    Jul 11 0
  • MeridianLink / Product XVrn30
    Buy the better location.
    Jul 11 0
  • Oracle / Product OraclePM
    Where can you even buy a sfh for $480k anymore?
    5d 4
    • New / Other
      DuQvV7y

      New Other

      BIO
      Did stuff. Hustled hard. Retired
      DuQvV7ymore
      95% of the country.
      5d
    • Oracle baigan
      Texas, Colorado to name a few
      5d
    • Oracle baigan
      You can find sfh 2600sft for 300k to 350k also
      5d
    • Twilio hmmm101
      Lol wow, this comment screams Bay Area bubble
      5d
  • SuneraTech AXWY54
    Location?
    Jul 11 1
    • Yahoo / Design getAway
      Yeah where?
      Jul 11
  • This comment was deleted by original commenter.

    • Oracle / Mgmt uhtred_1
      OP
      Household - 225K
      Jul 11
  • The Last Kingdom is pretty lit 🔥
    Jul 12 0
  • Amazon thatright
    If you like both, go for the cheaper one. If you want to rent, go for cheaper one to make it profitable.
    Jul 11 0
  • Facebook nurfherder
    This is not sufficient information. Why is there a thread like this at least once a week
    Jul 11 0
  • Facebook ytho?
    Depends a whole lot on the local market demand, and you didn’t specify where...
    Jul 11 0