The house is about 1000 square feet while the condo is about 1400 square feet. The condo has an HOA with dues of about $560 per month while the house has no HOA at all. The house has a different location but both locations are great. The house is currently in old condition which is why it is in the same price range as the condo. After some cosmetic renovations costing about $40,000, the house should be worth more than what it is worth today, making it worth more than the condo.
There is a total closing cost of about $35,000 which is what makes me skeptical on whether to do this or not. Would it make sense to sell a condo to buy a house?
Thank you so much!
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/j2ycax/would_it_make_sense_to_sell_a_condo_to_buy_a_house/
Comments
Post a Comment