Reply to Is buying a one-bedroom condo ever a good idea?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What the HOA? That would be a major issue for me, most hoas in DC are steep.[/quote]

This. It can become a huge liability and this is often what makes it difficult to sell, IMO.

There are a boatload of condos for sale in my SIL’s close in MoCo condo building and I think it really has to do with the crazy condo fees.  I know that’s not DC, but it’s not too far from dC.  [/quote]

That is a totally different market than central DC. In some ways,we'll never know if SFHs appreciate faster than condos in the downtown market -because there aren't any, it's all multiunit buildings.

Certainly, there are many residential neighborhoods of townhouses and SFHs that have appreciated poorly relative to downtown DC condos , just as there are those that went up a ton.

OP, as a longtime condo owner, my experience is that best benchmarks for appreciation are how the condos in your target building are doing relative to others in your neighborhood, whether the amenities are ones that are desirable. (Elevators and staffed front desks automatically make for big fees - but are generally popular) , and how trendy the neighborhood is. There are slightly better prices in Dupont and Cleveland Park, these days, because Logan and H street are trendy. I will say brand-new construction in areas with a lot of building seems like it has softer appreciation for a while because you're stuck trying to see slightly dated units relative to brand new stuff.  [/quote]

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