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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]you can absolutely find a 2br for under $600k! Looking at redfin for 2brs with condo fees under $600/month yielded options in Glover Park, Shaw, Dupont, Adams Morgan, Columbia Heights, Hill East, and more. https://www.redfin.com/city/12839/DC/Washington-DC/filter/property-type=condo,max-price=600k,min-beds=2,hoa=600,viewport=38.8895:38.85696:-76.98031:-77.03601

I think the issue with selling a $600k 1br is that it will be a very expensive 1br, not the fact that it's a 1br.

I would only buy it if the condo rules were very generous about allowing the condo to be rented out. Then if you couldn't sell it but you wanted to move, you'd at least have the option of renting it out. [/quote]

[b]Redo that search with ground floor / basement units filtered out. There is no 2br/2ba in that price range in those neighborhoods that is above ground and has low fees.[/b] If you want a second bathroom (a requirement, imo, for even considering a roommate situation), w/d in unit, the ability to control your own heat/air, and other "luxuries" that are now considered baseline necessities, you're looking at $800k for a 2/2 and $600k for 1br.

More problematic than buying a one bedroom condo would be buying a ground floor unit of any size. No amount of liar lens photography and "your own private terrace!" can make up for the degraded security, unavoidable water/mold problems, and increased pests. [/quote]

https://www.redfin.com/DC/Washington/2400-41st-St-NW-20007/unit-204/home/9958760 doesn't appear to be ground floor. Neither is https://www.redfin.com/DC/Washington/1615-Q-St-NW-20009/unit-907/home/9866246 or https://www.redfin.com/DC/Washington/4016-Georgia-Ave-NW-20011/unit-6/home/164421464 or https://www.redfin.com/DC/Washington/3733-12th-St-NE-20017/unit-201/home/147109519 (so Glover Park, Dupont, Petworth, and Brookland). Now these might not be the neighborhoods or the square footage or whatever that OP wants, but there are 2brs (some, including the Petworth and Brookland ones listed here with a second bath), under $600k and with condo fees under $600 a month. OP doesn't have to buy one, but it would be wrong to say they don't exist.

I also don't think a second bath is a requirement if your goal isn't to take on a roommate but to increase your ability to rent or resell the place in the future. A desirable school district can balance out one bathroom for a family renting (there are definitely people who will take any 2br IB for Stoddert, like the Glover Park one I mentioned) as can proximity to metro.
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