Analysis of a Condo vs Traditonal Single Family Home

[Ryan Horne]

Question for those who have purchased Condo's, Apartments, etc. When doing your analysis on these types of properties do you typically allot less to Capex/Repair expenses? Seeing as how I assume you would never have the major expense of replacing a roof or maybe even an HVAC system as some high rises may not have individual HVAC units for each apartment it seems you could allot less to this. That would make it seem you would only have to allot for minor fixes here or there. Just curious to get the opinions of others on this. Is there a standard Capex/Repair percentage that you use that I may have missed? I'm a newbie after all...