Should you invest money in condominiums?

[Good-Person]

Condominiums are the kind of properties that are divided into various portions. They may consist of many different units within a building. These kinds of constructions are quite popular in our country and there are many people who have had invested money in such kind of properties, so are they worth it?

 

[Nomad]

About 10 years ago, Condominiums were very popular here. A lot of people were buying Condominiums and they cost more than norm al houses. However, these days there is no demand for Condominiums. That's because these Condominiums did not have any resell value so people stopped buying them.

 

[Dice]

Condos can be a good investment if you're into something low-maintenance and potentially profitable. They often come with amenities and are managed by someone else, which can be a plus. But, like any investment, there are risks. Consider the location, market trends, and your financial goals. If you're cool with the condo lifestyle and it fits your game plan, it could be a solid move.