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06-10-2008, 11:17 AM #1
Renter
- Join Date
- Jun 2008
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- 2
Buying an Apartment in NYC
I'm just about to go into contract for a 740sq.ft, co-op, 3 BR in Astoria, Queens, NY. It's a great area, a lot of things to do, and a lot of people like to live there because not only is it cheaper but also very, very close to Manhattan.
My concern is if in 5-6 years will it be easier to sell this, or a private home in a more suburban area. I'm 28 now, so when I'm 33 I know I'll want to be in a house and won't care about the convenience of the city, so the fear is getting stuck. If I can rent it great, but I doubt that rent for the apartment would cover my expenses in that time frame.
Thanks for any advice,
Christian
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06-12-2008, 01:52 PM #2
Renter
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- Jun 2008
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- 2
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06-16-2008, 05:16 AM #3
Fixer Upper
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- Jun 2008
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- 21
?............. ?
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06-24-2008, 09:23 AM #4
Condominium
- Join Date
- Jun 2008
- Posts
- 184
Single Family
Are you working with a good realtor? He or she should be able to advise you based on the local market conditions. Honestly, if it were me, I would go with the single family home. When in doubt, they are the easiest to sell. Doesn't mean you can't sell a condo or townhome, but in my experience, the single family is the best way to go for an exit strategy.
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