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

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[quote=Anonymous]I wouldn't buy a 1 bedroom.  Back in 2008, I was looking for a 1 bedroom condo actually. I wanted to have a very small mortgage payment and I gave myself $300K budget.  Well, I didn't like any 1 bedrooms and ended up with 2 bedroom condo with a higher budget, $395K.  I quickly outgrew the 2 bedroom, 1.5 bath condo, I'm so glad I bought that place. When I sold it 10 years later, I made over $150K.  I also got a roommate some of the time so I could have extra traveling money.

I would not have made any money  had I bought a 1 bedroom, as I wasn't considering bad neighborhoods back then. Had I bought in a bad neighborhood, I imagine the most I would have made is $50K... and then I would have had to live in a bad neighborhood as a single female.

You have a healthy budget for a 2 bedroom. I would buy at least a 2 bedroom.  Get a unit with parking.  Definitely don't buy a basement unit.

Some examples:

https://www.redfin.com/DC/Washington/1012-Harvard-St-NW-20001/unit-2/home/110010403

https://www.redfin.com/DC/Washington/1367-Florida-Ave-NE-20002/unit-401/home/55187373[/quote]

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