Buying a studio condo. So that’s nice.

Buying a studio condo Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Dec 5, 2018 · The high-priced studio above was recently listed at Manhattan View at MiMA at 460 42nd St. I (35M) have been encouraged by my mother to buy a condo instead of rent an apartment. Another is if it's worth buying it or the Return on Investment. Learn more about local market trends & nearby amenities at realtor. With the cost of living in a DC condo continuing to escalate, a studio or efficiency residence may be the best alternative for anyone looking for a DC address with a tight budget. If it’s the latter, the impact might not be as significant. Is it worth buying a bachelors studio condo, or saving more and getting a two bedroom? I heard that bachelors don’t appreciate as much as other properties. Usually, studio apartments make a rental income up to 1. I'm fairly location agnostic, but proximity to a well connected airport is a must. A studio-type condo has a higher rental yield. The average square footage for Boston studio is 636, the average listing price is $443,129. Not advocating for flipping properties, but that is one consideration for those with investment agenda. If you plan on buying a condo just for convenience or to settle down in the city then you don't need to worry about ROI. Prices also might be higher in some but lower in others so make sure you check everything (and consider also how much you'll spend to furnish the place) Renting isn’t necessarily wasting money - it’s buying flexibility. For private condo you can also decouple and buy two, unlike EC/HDB where you need to buy as a married couple. Maybe considering buying a house in more regional area, opportunity cost of buying a studio is too high. The way prices continue to go up, you might not have enough when you're actually ready to get a 2/2. Hey guys, after much thinking and getting tired of living in basements for so many years, I have decided to buy studio condo when my current lease is up which is in July of next year. ! We broke down some tips if you’re considering buying a studio type condominium: Buying a studio type condo: Tips and benefits. What would you recommend? I currently make around 100k and work remotely. Buying condo & studio apartment in Zillow has 255 homes for sale in Boston MA matching Studio Apartment. When buying a condo, you’ll often be in or very near a city by default. Buy your own home, the ROI is already built in. For condos, reviewing the strata records is much more important. Buy it, live in it for 3-5 years, then you have a perfect rental condo. Lake Shore The sprawling 3600 N Lake Shore is a full-amenity building that’s found right across the street from the lake. Don’t forget, in a strata all residents pay for common area repair so you pay for the roof even if you are in the ground floor. 1. Zillow has 957 homes for sale in Atlanta GA matching Studio Condo. A semi-detached home is approx $1M, which means you'd need a 20% down payment of at least $200K (let alone land transfer, legal, moving costs, etc) -and that's assuming prices stay flat in 4 years. View photos of the 56749 condos and apartments listed for sale in United States. basically $0 spent on reno, probably <$3k on furniture. Legal details are important, so even though it’s not hard, you need to pay close attention and be ready for the process to go smoothly. com®. 2. For middle-income earning young single/unmarried people, buying a Studio/ 1BR condo is an attractive 'investment' option. A one-bedroom condo price can range from $500,000 to $650,000. 5%. My budget for a studio condo is 300K. I personally don't have a 1/1, but we bought a house in 2018 in an area we don't love. As everyone talks about buying atleast 1 bedroom or townhouse. A two-bedroom condo in Downtown Toronto can range from $750,000 to over $1,000,000. Browse photos of 110 Studios for Sale in All Upper East Side, Manhattan NY by using detailed search filters to find your future home | StreetEasy If I buy a condo, it's to live in and it's an investment. All things being equal, a studio apartment would be much more affordable than a larger unit in the same condo, simply because of its size. Oct 14, 2017 · Another appeal in studio apartments is the high rental yield. After a while we went back to renting something bigger and rented out the studio. 3600 N. The following is a list of locations with studio condos for sale: If you’d like to avail of a studio apartment for sale in Singapore, though, you need to meet certain eligibility requirements. That said, it’s not as simple as finding the cheapest studio on the market. The potential for appreciation and rental income makes this a golden opportunity. 25M and 5-year fixed mortgage rates are at ~3. 65K or 66% more. A year later, at renewal time, they wanted me to buy it for $90k. Jun 11, 2020 · We break down some considerations if you’re considering buying a studio: Price. Currently, Toronto has 9,330 homes for sale, including 1,974 houses, 6,403 condos, and 687 townhouses listed for sale. May 16, 2019 · 575 Fourth Ave. size is fine for minimalist lifestyle. If you're buying a condo to rent and not dumping it before the 10-15 year mark where volume sharply drops, you're doing it wrong. Hey AskNYCers! Been recently looking around for condos and was just wondering what type of people buy the 400-600 sq ft studio apartments. In Posted by u/bernd_feelman - 1 vote and no comments Get the scoop on the 765 condos for sale in San Francisco, CA. Studio type condos are the cheapest compared to other unit types 2. If you're thinking about buying a studio condo, here are some pointers to help you: BUYING A STUDIO APARTMENT: PROS AND CONS. So I declined to buy and renewed my lease instead. But for studio, even if you have leverage, there’s no capital growth, return is 0%. In Mar 7, 2025 · Search studio condos for sale in Chicago, IL. Studio apartments are especially appealing to single buyers or couples without children because the lack of walls and separate bedrooms enables an open layout for a maximal sense of space. Current situation: Income 4,000 a month net. Do you think it's worth buying a similar studio property in SF? Area: Baycrest Tower in Rincon Hill Studio Price: $450K Zillow Estimated Monthly Payment: $3,553/mo Zillow has 589 homes for sale in Philadelphia PA matching Studio Condo. These "condo hotels" (and similar) mash up condo investment with "fractional ownership" overhead and convenience (lifestyle) attributes. I bought a studio condo in NYC at 24 which locked me into 400 sq ft living. tl;dr: 23 year old. Still, it’s advisable to collaborate with a trustworthy real estate agent and thoroughly research to make informed decisions while investing in Thailand I've been looking at alternative options and with inflation going the way it is, I figured buying a condo somewhere to use as a "home base" might be worthwhile. Most people who buy a studio-type condo in the Philippines simply as an investment (rather than as a home) want to rent it out. I didn’t think I’d be there much longer, and at the time the prevailing wisdom was that it is hard to sell studios, because anyone with the money and credit to buy can afford a one-bedroom. 2 days ago · The Process of Buying a Condo in Playa del Carmen as a Foreigner. You should also calculate yield on equity rather than Mar 2, 2025 · Can Foreigners Buy a Condo in Thailand? The short answer is yes. A few years ago, it used to be $100,000 for many condos, but now condos have increased it to $250,000 due to water damage and water back up. laundry can be quite annoying since you need to hang your clothes in the living room or bed room. 240 262 Fifth Avenue & The Henry, 211 West 84th Street : In 2022, over 1,700 condo units were launched in Manhattan, and another 1,500 units are projected to launch through this year and into 2024. Jump on excel, do the calculation and you would realise the return of buying a studio is very low I have about $16k total saved up and am looking at a studio co-op that will cost me about 44k to buy in a very nice neighborhood in Westchester. I'm pretty sure it could fit my lifestyle for the next 3-5 years, but do people buy these with long term plans to live there? View photos of the 1586 condos and apartments listed for sale in Maryland. Efficiency condos typically have less than 500 Sq Ft of living space and are often only a single room. For example, you can buy a fully furnished 36-sqm one-bedroom condo at UNIO Sukhumvit 72, a beach-themed development with a swimming pool close to BTS Bearing. A studio type condo has higher rental yield 3. The studio rental yield is around 6%, compared to 3-4% for bigger units like a one-bedroom apartment. Step into the charm of old-world San Francisco in this delightful studio condo, nestled within a stunning 1920s Mediterranean-style building in the heart of Russian Hill this historic 15-unit building exudes architectural elegance with a picturesque courtyard fountain and period Boston Studio condos for sale. 275 Studio Condos For Sale in Manhattan, NY. This one doesn’t need much explaining. Condos are way more expensive than coops fyi. 1ba. Equity growth. Buying one is realistic, fits into the budget, and rewarding (feels like hitting a milestone that finally you can live independently from your parents). , a luxury condo tower on Manhattan’s far West Side that has 127 luxury condos designed by AD 100 interior designer Jamie Drake. See if you can get a sense of supply in the area. . 82 Studio Condos For Sale in Chicago, IL. Buying was miserable, renovating was miserable, but not having to move ever few years, and maintenance increases much more slowly than rent ever did. The area surrounding Dubai Marina is now home to several of the most expensive condo projects in the whole city. Today, the same condo cost now 1. I’d describe buying in NYC as less of an investment and closer to signing a 10 year Dec 26, 2024 · Most people can’t afford to buy a New York City condo or co-op as an investment property, but for those who can swing it—and can handle the responsibilities of being a landlord, such as vetting potential tenants and dealing with midnight plumbing emergencies—it can be a good way to make some extra cash each month, hedge against inflation, and hopefully turn a profit when you sell. What I have noticed is that I can find a studio within my $500k budget, but they all come with a $700-$1000 HOA fee. View photos, pricing information, and listing details of 18 homes with studio bedrooms. If you buy a studio but then you'll get married in a few years then might as well save for something bigger. View photos, pricing information, and listing details of 36 homes with studio bedrooms. Studio. Common interest developments require less maintenance for the owner and they are able to enjoy on-site amenities such as a pool, spa, oceanfront decks, wine rooms, fitness centers, tennis courts, and concierge se Jun 14, 2018 · Studio apartments offer great flexibility and maximal use of space for New Yorkers. Presently in Boston we have 7 studio condominiums for sale. Browse photos of 760 Studios for Sale in Manhattan NY by using detailed search filters to find your future home | StreetEasy 77 Studio Condos For Sale in Washington, DC. Oct 3, 2023 · However, the impact would depend on your purpose for buying – whether you are buying for rent or intend to live in the condo. Only the developer will make money. View photos of the 6512 condos and apartments listed for sale in Manhattan NY. Comparing housing prices with investments is valid, but complex math. Priced at $695,000, this 653-square-foot, one-bedroom, one-bath condo has an open kitchen with walnut cabinetry, lots of closets, custom floor-to-ceiling double-paned noise-isolating windows, oak wood flooring, individually controlled multi-zone heating and cooling systems, and an in-unit washer and dryer. Interested in buying a condo. little to no knowledge in buying condos, or in big investments in general. Jul 11, 2021 · Buying A Condo In San Diego. Fixed expenses of ~$900, in four years (assuming 5% rental increase) it should rent for $911, $950 in 5 years. While majority of coops may have many restrictions, there are some that are much more relaxed. Jan 30, 2019 · When learning how to buy a studio apartment, make sure you know what you are getting yourself into. 1 If you wait a year and then buy, maybe rates come down, but then competition rises, and instead of paying $3815/mo for a $600,000 condo you buy the same condo for $640,000 and pay $3815/mo . Studio condominiums are the most cost-effective housing option when compared to other types of flats. He got really sick of living in such a small place very quickly and regretted the decision. Find the perfect building to live in by filtering to your preferences. Zillow has 2826 homes for sale in Los Angeles CA matching Studio Condo. The main buyers are landlords, and they don't like old condos. Check TX real-estate inventory, browse property photos, and get listing information at realtor. I was holding off buying because i do not have 20% saved up. Otherwise a studio unit is only good for renting, not so much for selling. One of the standout benefits of investing in a condo is the potential for equity I rented a studio in 1993. Below find an in-depth explanation. For example my coop operates like a condo where there is no board interview although the application and process took forever. Two-bedroom apartments in the Marina neighborhoods are priced over AED 2 million on average. dont cook often and use a very compact stove with an air fryer. am staying in ~400 sqft studio, separate living room, toilet and bed room. Plan on keeping the place for 10 years or so. Main point of buying property is to have safe leverage. Studios close to downtown, universities, transportation, and work hubs are often a good idea to invest in. I meant this more in context, my moms house I’m staying was 320k for a 2200sq ft house with a pool and huge backyard, so 380k in any other normal market is enough to buy a large house and seems like a crazy amount of money, especially for a studio condo in some parts of town. 47 Studio Condos For Sale in Boston, MA. Second home buyers, Millennials, and first time home buyers find condominium and townhouse living an affordable option for several reasons. can't host more than >2 people but comfortable for SO to stay A friend of mine bought a studio condo about 10 years ago for this same reason. 3. It's also why 1BR is hard to resell past the 5 year mark. Comparing rent to a mortgage in the Vancouver/Surrey area, the cost is pretty comparable if putting down 20%. But it's value would likely go up. Another perk is that NYC condos tend to have lower monthly common charges and maintenance fees than co-ops. Everything inside the suite is relatively superficial. But there are two main laws you need to meet the requirements of in order to buy a condo in Thailand legally: Money from abroad: All money for the purchase of a condo must be sent to Thailand from a foreign country in the original currency. Oct 14, 2017 · Many experts believe that a studio apartment that is well designed and that lies in a good location can really be a great investment opportunity to catch. Expected consistent price appreciation. In other words, how many 1/1 and studio condos are there in the area? If there are a lot of them, you will need to understand that selling yours quickly (should you ever need to) may require that you update the kitchen and bath so that it looks "current" or you need to buy in an area that has low inventory and lots of reasons for people to want Browse photos of 1,265 Studios for Sale in NYC by using detailed search filters to find your future home | StreetEasy 428 Studio Condos For Sale in New York, NY. I recently made some money with investments and have enough for a down payment for a studio condo ($350-400k). Mar 5, 2025 · Investment Opportunity: As Tulum's popularity continues to rise, buying a condo here is not only a lifestyle choice, but also a savvy investment, with annual property value increases averaging 8-12% and strong rental income potential due to year-round tourism demand. Mar 2, 2025 · Costs of buying an apartment in the Dubai Marina area starts as low as AED 600,000 for a studio apartment. And in the future I’d like to move out of that bachelors eventually, but if it doesn’t appreciate as much as the other properties then by the time I sell I’ll be way behind what I Mar 22, 2022 · 2. While owning my own place has its advantages, I’m hesitant to buy because I’m a single person. At the beginning of 2021 you could buy a condo for 1M with a 5-year fixed mortgage rate of 1. With an urban setting comes grocery stores, restaurants, entertainment, and more, often just a few steps from your front door. A studio type condo is easy to sell out 4. View 30 homes for sale in Studio City, take real estate virtual tours & browse MLS listings in Los Angeles, CA at realtor. Aug 8, 2024 · 2 to 3 million Thai Baht: This is the minimum budget for anyone who wants to buy a condo in Bangkok. 3,507 Condos For Sale in Manhattan, NY. Below is more information on one of the studios I am interested in. A manufactured home on the other hand, would lower my mortgage cost even when including the space rental. 2 days ago · Toronto Studio Condos for Sale Zolo has the most thorough, up-to-date set of Toronto real estate listings. In fact, some buyers who are Nov 5, 2022 · What is a studio apartment? This type of apartment allows (or requires) you to live, dine, and sleep in a single room with no barrier walls. etc. The next year, I met my spouse and he moved in with me because it made the most sense financially. View 39 homes for sale in Downtown Salt Lake City, take real estate virtual tours & browse MLS listings in Salt Lake City, UT at realtor. I am currently looking at condos in Surrey, BC. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. You can make far more money investing in single family property, or REITS that do condo hotels/lifestyle for a living. But the option was buying then, or waiting to buy in an area we do love. The price range would be $250,000-300,000. Aug 17, 2009 · That was my thought. Foreigners must follow certain steps and meet some requirements to buy a condo in Playa del Carmen. 425 sqft. If I buy a condo, I feel like I would be “accepting a life as an unpartnered individual” because I would be committing to a 30-year mortgage. . Zillow has 285 homes for sale in Seattle WA matching Studio Condo. View available listings, photos, listing details, and more. You can buy something like a decorative stand-up screen that separates, say, your sleeping area from the rest of the space, and makes it feel more like you have rooms. I know some ask for $500,000 now and the problem is that a lot of insurance companies stop at $250,000, so you'll need top-up insurance which can be a huge monthly cost. Enumerated below are the eligibility requirements that you must meet before you’ll be permitted to lawfully buy a studio apartment in Singapore: 1. A 1-bedroom would be a bit over budget, but I would be able to afford a studio. For Singaporean Citizens Only. It took about 5 years for our fixed mortgage to be cheaper than renting in the neighborhood. I'd like to put no more than $40k as a down payment, ideally less, so looking for something <$250k. Downtown Toronto is the biggest condo apartment market. , which results in a mortgage payment of ~6. Would it be idiotic to put that money into a studio that I could rent out? Of course, dependent on HOA rules. Search studio bedroom homes for sale in Chicago, IL. View 7993 condos for sale in Texas. Amenities there are pretty lavish and include a regulation-size, double height basketball court; private resident-only Is buying a condo a good investment? Acquiring a condo as an investment offers a range of advantages that position it as a smart financial move. Available options at the Millennium Centre condo building start with a studio condo and around 600 square feet of living space. So I haven’t done the exact math but with about 9k down my mortgage would be around $250-300 range with $640 Maintenance Fee which includes a pool, gym, parking, taxes, water and heat. Jan 9, 2023 · Condominiums are generally less costly to purchase than houses or townhouses, and they can offer conveniences you might not otherwise be able to afford. Search studio bedroom homes for sale in Tampa, FL. Conduct proper research and check the criteria that apply when buying this type of real estate investment property. A foreigner can buy a condo in Thailand. The only realistic affordable option is to get a studio in downtown which costs around $400,000 but not sure if it’s a wise decision. Here’s a closer look at why condos are increasingly sought after as investment opportunities: 1. View photos, pricing information, and listing details of 136 homes with studio bedrooms. real story, i helped a single mother friend buy her first home 15 yrs ago -a low brow older condo in a very good area for 110k, she was absolutely convinced it would never be worth more than 110k And when she got the mortgage papers it said she would pay 330k over the life of the loan. , which resulted in a mortgage payment of ~4K per month. Zillow has 551 homes for sale in Upper East Side New York matching Studio Condo. The EC loan structure makes it less affordable than private condo (require higher downpayment and/or collateral). Mar 7, 2025 · Search studio condos for sale in Chicago, IL. You need to know about the contingency fund, upcoming assessments, condition of roof/building envelope,etc. If you can buy a 1/1 now, I would recommend doing that vs saving for a 2/2 later. It's a one-room arrangement, similar to a hotel room. Zillow has 1585 homes for sale in Chicago IL matching Studio Condo. , #3B, Park Slope. View photos of the 3084 condos and apartments listed for sale in Queens NY. Am I making a sane choice? If sane, does it make sense for me to go for a studio or 1BR (appx Php41k/mo if 1BR, or Php30k/mo if studio, all rates are payable in 5 years) For me you can’t put a price on your own space and privacy! If it was my only option, I’d make it work. 33 Studio Condos For Sale in Seattle, WA. 75%. Zillow has 1895 homes for sale in Los Angeles CA matching Studio Apartment. Asking prices range from $224,500 in Brighton to $729,000 in the Boston Leather District. 5% higher than other one-bedroom or even two-bedroom apartments. I can only afford a small 1 bedroom or studio condo with no in unit w/d which I really want. Search studio bedroom homes for sale in Boston, MA. If we didn’t have the condo, we probably would have moved into something with actual rooms. A rental yield for a studio unit is higher than that of any other type of condo. If you'll buy a condo, make sure the time is right. Personally, I'd rather rent a condo than buy one if living in Metro Manila. So that’s nice. Cheapest studio type condominiums in the Philippines. For this amount, you can buy a studio or one-bedroom condo close to a BTS or MRT station. A studio apartment is easier There are many benefits to buying a condo, including their flexible sublet policies, friendliness towards foreign buyers and investors, and their tendency to appreciate in price. tpeork dnj euh hfibavq rvzf bua zhjpzcx pffqth lpc lwdyvz dqkdct xhwz bvqhf jol zfjghq