Hi everyone, I am new to real estate investing. I have a question: Do 2 bedroom condos generally appreciate more, compared to 1 bedroom condos, given the similar area (or maybe even smaller) and location (and other details being similar)?
I did not hear this from elsewhere, just based mostly on my guesses. I just imagine that there might be just not much room for price increase for a 1 bed room? Since there is only one room that can be used. so I am curious if there indeed is such a difference?
@Hongling Lu generally speaking, two bedroom units are more desirable than one bedroom. Even single people want an extra bedroom for guests, home office, game room, storage, etc. Having two bedrooms just opens up to more potential buyers, so it drives a higher price.
First to "@" someone, type the @ button, then without spacing, start typing the person's name. They should pop up, and you can click their name. Next, I would agree that a 2 bedroom would be a better investment for appreciation, meaning you would have a bigger pool of buyers than you would a 1 bedroom condo.