Palos Verdes Homes or Palos Verdes Condo?

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Palos Verdes Homes or Palos Verdes Condo/Townhomes?

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The old saying in real estate is that for the same price you usually are better off buying the Single Family Residence than the Townhome in the same area.  Sure, the SFR may not be as nice of condition and need work or perhaps it’s older, BUT … you can clearly see that when the market was rough, condos and townhomes fell by a greater percentage than did the single family residences.  And, as the market recovers, what type of property is appreciating at a faster rate? 

Yet, I do understand that there are still strong compelling reasons why folks opt for the townhome or the condo.  For example, sometimes there aren’t any homes available at the lower price point offered by the condo in the same location and you, for example, really want to be in the Palos Verdes school system.  That’s a perfectly understandable and valid reason.

All I’m saying is that if you can, stretch to get that Single Family Residence.  Your protecting your dollars better and giving them a better chance to grow!

As originally published here: George Fotion, HomeIsPalosVerdes.com

 
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George Fotion
Call Realty Company
(310) 346-6467
gfotion@emailtreo.com