Jun
09
Is it better to rent out a house or a condo?
By
I want to buy a property in the metro area of Detroit, Michigan to rent it out.
Houses and condos sell for less than $10,000.
Houses are bigger, need more maintenance from my side, and there is less surveilance.
Condos are smaller, need less maintenance from my side but they have association fees.
So what is better?
Related posts:
- Should I rent a big or a small house for only myself? Bigger houses are pretty cheap in the area I’m looking. The neighborhoods look fine too… ...
- I want to rent out my small house and rent something bigger, not sure how to go about it? need finance advice? I cant afford to buy bigger house, but need more room for growing family. Only thought is to rent my house out and rent a bigger house. Have heard...
- Family of 5 is taking a trip to Washington DC. Where can we rent a condo, townhouse or house? We do not want to use a hotel b/c we’d need 2-3 rooms and that’d be too pricey. Anyone know of any places to rent??? ...
- How do I find out the mortgage company of a condo in foreclosure? I live in a three unit condo. The second unit is vacant (the owners moved out 2 years ago) and the unit is in foreclosure. We (the condo association)...
- How do I find a house to rent? I can only find magazines with houses for sale or apartments for rent but no rent houses. And when I look online I can only find one or two...
2 Comments
June 10th, 2010 at 11:33 am
want cheap i would say house well now of days nothing is cheap
June 11th, 2010 at 7:36 pm
It really depends on what you want. I thought I would like the “maintenance free” side of the condos and the affordability, until the “association” got really controlling. Now i own my own property and make my own rules, I like that better. Also, usually in a condo situation you are sharing a small space with lots of people, and I just did not like to be that crowded. I think you could get a smaller house for about the same amount and the “ground maintenance” is really not much work. Good luck!