Reply To: Is it safe to invest in an up and coming Jewish community?

Abba_S: Thank you for your advice… Wondering, I thought condos are more affordable to maintain than single-family houses because the HOA pays for outside repairs, lawn-care, and such.

The only concern that I have about an older condo is the pipes bursting or something C”V. There’s that issue of old brittle plastic or metal, or whatever material it was that many older homes still have. Though, this is a concern for SFH and condos of the same age.

You brought up a great point of having to pay HOA fees even when the house is unoccupied. Also, yes, if there are repairs to be made, then it’s paying for those repairs, plus HOA fees, while not earning any rental income.