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Apartment vs. Condo: Which Is a Better Investment?

Rent holds its value whether it's a condo or an apartment, meaning the units costs are what determines the deal.

Apr 05, 2021 by Liz Brumer

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Pros Cons
Apartment Costs for maintenance can be fixed out of gross rents. Can establish your own rules and regulations. No communal amenities unless provided by the landlord. Higher up-front cost to purchase. Responsible for all maintenance and repairs, however big or small.
Condo Only responsible for some repairs. Cheaper cost to purchase. Access to more communal amenities. Association fees can eat into cash flow. Association fees can increase at any time. Must follow rules and regulations of association. May not be able to rent the unit (depends on the HOA).

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