Townhome common wall: 270k
Single family home : 480k
Which one to choose in terms of price appreciation
Currently on H1B visa
Townhome common wall: 270k
- Yahoo / Design getAwayIf you have a h1b, don't buy anything. When they issue rfes you will suffer.
- 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 2
- Oracle itconIt 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 0
- Oracle seg faultWith 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 0
- 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.
- Google 3lineguyI 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.
- 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.
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