Is a condo a good investment property?

Why condos make good investment properties Choosing a condo as an investment property has both positives and negatives. Lower maintenance: Condos come with additional fees (more on that in a bit), but they tend to have significantly fewer maintenance expenses than single-family or multifamily investment properties.Click to see full answer. Regarding this, are condos a good investment for rental property?While buying a condo as a rental property is not an ideal real estate investment due to HOAs, shared expenses, and condo associations, they are the most attainable properties for me at this stage. So for a $200,000 property, rents should be around the $2,000 per month).Similarly, is buying a condo a bad idea? Buying a condo for investment is much more affordable than single-family homes and generally score higher rental income. However, with that said, condos often appreciate in value much slower than single-family homes. This is because you don’t own any land, which is a key factor to increase or appreciate a home’s value. Similarly one may ask, do condos appreciate in value? Yes, condos generally appreciate in value. But, if you’re trying to decide between a condo or a house, keep in mind that a single-family home is usually going to grow in value faster than a condo will. For example: From 2017 to 2018, the median price for condos grew by 3% while single-family homes grew by over 5%.What should I look for when investing in a condo? Pros of Buying a Condo for Investment #1 Condos Are Affordable. #2 Desirable Locations. #3 Generate Monthly Rental Income. #4 Maintenance. #1 Homeowners Association Fees. #2 Condos Are Harder To Finance. #3 Slow Real Estate Appreciation. #4 HOA’s Rules and Restrictions.