| Condominiums and Townhouses |
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| Written by Greg | ||
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| This is a review of Condominium properties and the market for condominium developers. We define some decision factors important to property owners who decide whether to build condominium properties or convert apartment buildings to condominiums. We look at revenues provided by property sales, costs of selling property, associated costs of ownership, and description of variables that improve condominium facilities for potential condominium buyers. |
| Condominium Class | General Size | Parking | Recent Sales Range | Units Listed | Sold/Month | % S/L | ||||||
| Studio | 500 sq ft | 1+ space | Varies ** | |||||||||
| 1 Bedroom | 700 sq ft | 1+ space | Varies ** | |||||||||
| 2 Bedroom | 900 sq ft | 2+ spaces | Varies ** | |||||||||
| 3 Bedroom | 1100 sq ft | 2+ spaces | Varies ** | |||||||||
| 4 Bedroom | 1900 sq ft | 2+ spaces | Varies ** | |||||||||
| Cost Types | Costs Due | # Units | Cost / Unit | %V Ratio | Adj. Cost/Unit | |||||
| Property Acquisition Costs | ||||||||||
| Building Improvement Costs | ||||||||||
| Owner's Carrying Costs | ||||||||||
| Property Maintenance Costs | ||||||||||
| Property Marketing Costs | ||||||||||
| Selling Transaction Costs | ||||||||||
** Property Values Vary by Market Conditions.
We are currently researching property values to display some sample values that effect a majority of markets.