Single Family versus Condo
UPDATE 3/15: View my analysis of this topic on my website. I received a couple more calls from out of town buyers, asking about condos as investment property. There's so much evidence that single family homes are a better choice for Sarasota real estate investors than condos, I thought I would lay out a simple analysis. Fees : No HOA in non deed-restricted single family neighborhoods. You do not need to buy in a gated community for investment. Condo association fees average $300 monthly and are predicted to increase with insurance and regulatory changes. Advantage: Single family home . Management : You will need a management company whether you choose single family home or condo. Application : Prospective tenants need to pay an average $100 application fee for condos. No application fee necessary for single family homes. Advantage: Single family home . Demand : Condos do not usually permit tenant...