#condo

Sell my condo and rent? Or stay put and figure it out?

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Sell my condo and rent? Or stay put and figure it out? Hi Everyone! I own a condo in SoCal, bought just over 2 years ago for 505K at 7.575%. Put 20% down. Realtor thinks it’ll sell for $650K. (I owe $395K on it). I’m single, 36, no real attachment… but the last 2 years have been tough work-wise. My industry went on strike and it hasn’t recovered. As a freelancer, it’s been tough seeing it drain my…

Reddit Personal Finance 553 2025-02-16

Grand vision for condo?

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Grand vision for condo? I have zero ideas of what to do to finish off this space but the sky’s the limit here. I want to do something with the blank wall in the living room that’ll go with my MCM-esque wayfair furniture. Maybe some kind of paneling? I’d also like to add some color either to the wall, the fireplace or both. Also interested in adding a mantle, crown mold…

Reddit Interior Design 465 2025-02-03

I hate my condo. Sell for a loss?

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I hate my condo. Sell for a loss? I live in the mountain west and bought a condo 1.5 years ago. I wanted a small house, but there wasn’t much inventory and the ones that that were available weren’t in my price range. So I pivoted and bought a condo. I had been living in a nice, but small 1BR apartment at the time and rent prices for a 2BR were really high. So I figure this would…

Reddit Personal Finance 423 2025-01-28

Should I buy a condo or max out investments?

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Should I buy a condo or max out investments? I have about 20k cash right now & would like to start the year off wisely. I’m thinking about purchasing a little condo this year. I’m wondering if I should keep this as cash and at some point (this year) use this to buy a condo or should I take this to max out my IRA, add to my EF, and other investment accounts? submitted by /u/itstotal…

Reddit Personal Finance 1.2k 2025-01-04

Sell my condo and rent, or wait it out at least another year?

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Sell my condo and rent, or wait it out at least another year? Hi All! I bought a 2BR condo in SoCal at the end of 2022. Right after this, my industry went on strike so I had been mostly living off of savings since then, with small amounts of work interspersed. I’m 35, single. Here’s my financial situation: – Condo bought for $505K, would likely sell quite easily for about $630-$650K today. I put $100K/20% …

Reddit Personal Finance 677 2024-12-28

I’m renting a condo with a nice view that will undoubtedly have some interesting changes throughout the different seasons. I’m curious about photo projects I can do from my condo over the course of the next year to capture the passage of time?

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I’m renting a condo with a nice view that will undoubtedly have some interesting changes throughout the different seasons. I’m curious about photo projects I can do from my condo over the course of the next year to capture the passage of time? I’ve recently moved to Vancouver BC. I’m renting a condo with a nice view that will undoubtedly have some interesting changes throughout the different seasons. I’m curious about photo projects I can do from my condo over the course of the next year to capture the passage of time. I have a few action cameras and a mirrorless camera that I use for…

Ask Photography 1.1k 2024-12-22

Dad is 60, in debt, and barely any retirement. Is letting him live in my condo a decent way to get him there?

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Dad is 60, in debt, and barely any retirement. Is letting him live in my condo a decent way to get him there? I’m 24, closing on a condo soon, it’s about 6 minutes from my current job, plan was to live there pay it off in 3 years. Have an offer for an out-of-state position in a very niche field that I’m planning on taking . Dad is currently 60, has drained his 401k multiple times, current balance is around 40k. His current income hovers around 120k, but…

Reddit Personal Finance 845 2024-11-23

Condo design

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Condo design It is a common thing to commission a designer to come up with a design concept, produce renderings, and provide the stores I can purchase from, and then execute the design myself to save money on labour and logistics? submitted by /u/anonturkeychili

Reddit Interior Design 396 2024-11-16

What’s a reasonable amount of insurance to pay for for a condo?

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What’s a reasonable amount of insurance to pay for for a condo? The HOA’s insurance covers the building, but the homeowners insurance covers “walls in.” I know what the condo is worth, but it’s 400 square feet in a high COL area, so I’m wondering if the purchase price/ market rate value is super relevant. What’s the metric for pricing out replacement costs? How much liability do I need? Any other considerat…

Reddit Personal Finance 471 2024-11-08

I bought a condo and feel like I made a mistake

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I bought a condo and feel like I made a mistake A few years ago, I got a new job in a new state. The position came with a big raise, so I was naturally pretty excited that I’d be able to bank some real cash and finally be able buy a home. I banked a decent chunk of cash, but between COVID housing mania, inflation, and interest rates shooting up – a single family home just wasn’t on my budget…

Reddit Personal Finance 355 2024-11-07

Trying to figure out whether I should buy a condo now or wait

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Trying to figure out whether I should buy a condo now or wait Hey, I have a few questions about whether or not it would be smart to buy a condo in the town I want to live in, and if so, whether doing a tenancy in common contract with my girlfriend if she wants to buy it with me. Salary: Low/mid 100s Area: HCOL 401 & Roth: ~400k Down payment: 130k Property tax rate: 2.4% Property value: 515,000. HoA is arou…

Reddit Personal Finance 641 2024-10-31

Sell or rent condo? Need advice

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Sell or rent condo? Need advice I have a condo that was bought for 385k @ 3.125% 30 yrs with about 285k remaining. Property taxes are about 5k. My wife and I are about to purchase a home that is 1M with 35% down at 6.50% rate 30 years. The overall interest is about 800k. I checked the market and I think I can rent the condo for about 2500, but I wonder if it is better to sell …

Reddit Personal Finance 598 2024-07-16

ADVICE NEEDED! should we purchase/finance/rent a condo after divorce.

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ADVICE NEEDED! should we purchase/finance/rent a condo after divorce. Hello, I’m (24M) posting on behalf of my mother (52F). My mom is currently going through a divorce and after it’s all said and done she will have about $175k total (50k from savings + 125k from the divorce). My mom is the one thats going to be leaving the home and is looking for a condo to stay in. However, we aren’t financially educated enough …

Reddit Personal Finance 381 2024-07-16

[FL] When do you pay a security deposit with a rental condo?

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When do you pay a security deposit with a rental condo? I have a real estate agent helping me to find a rental condo . I found one I like and they told me the HOA board takes 2 weeks to approve . In the mean time they say I have to pay a security deposit to the owner/landlord for the lease. Is this the correct way to do things with condos? Or can I do lease and only pay once I see if the board approv…

Reddit Personal Finance 394 2024-07-08