Condos Make Great Investments

According to the National Association of REALTORS, the price of condominiums have risen 23% and at an annual rate of 5.1%.  If that kind of appreciation is important to you when you’re purchasing a home, consider buying a condo.  During the first three quarters of 2001, the price for a condo rose at a quarterly percentage rate of 8.7.  Compare that to the single-family home appreciation rate of 5.6%.

Condo sales have a lower cost and therefore, they have a lower risk.  Even if the economy slows, the lower rate of condos make them an attractive sale.

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