Should I buy a one bedroom or two bedroom?
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Similarly one may ask, should I buy a 1 bedroom or 2 bedroom?
A 2 bedroom is always nice for the extra space and having visitors or a home office, of course. But if it is tight for your budget then buy a 1 bedroom. A 2 bedroom is always nice for the extra space and having visitors or a home office, of course. But if it is tight for your budget then buy a 1 bedroom.
Furthermore, is it bad to buy a one bedroom condo? The reason it is typically thought of as a "bad idea" is because it limits the list of potential buyers when you want to see the condo in the future. By doing a one bedroom, you basically rule out families. It is a good idea but make sure to check with the HOA before making plans on future rental property usage.
Besides, is it worth buying a 1 bedroom apartment?
The main advantage of investing in a one-bedroom unit is the opportunity to secure a lower purchase price than larger apartments. While one-bedroom units and studio apartments are cheaper to purchase, they tend to be more expensive per person to rent which can limit the market of people wanting to rent or buy them.
Why are 2 bedroom apartments cheaper than 1 bedroom?
Nationally, a 2-bedroom apartment rents for 30% more, on average, than a 1-bedroom in the same building. That makes sense: Renting a 2-bedroom should be less than renting two 1-bedrooms since the total number of bedrooms stays the same but you merge into one kitchen and maybe even one bathroom.