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UrbanTurf Reader Asks: Which Property Will Have the Better Resale Value?

  • August 4th 2009

by Mark Wellborn

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UrbanTurf Reader Asks: Which Property Will Have the Better Resale Value?: Figure 1

In this installment of UrbanTurf Reader Asks, a reader who has narrowed her property search down to two condos wonders which has the better investment potential: a large three-bedroom with parking in Petworth or a smaller two-bedroom without parking in Dupont Circle.

I have narrowed my search for a new condo down to two fairly different properties. The first is an 1,800 square-foot three-bedroom condo in Petworth that has been renovated, has a back deck, an off-street parking space and is about four blocks from the Metro. The second is a 1,000 square-foot two-bedroom condo in Dupont Circle with no parking and no outdoor space. Both these properties are in the same price point, but my plan is to sell whichever property I buy in the next 5-7 years. So, based on the descriptions, which property will have the better resale value?

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor@urbanturf.com.

See other articles related to: dclofts, urbanturf reader asks

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/urbanturf_reader_asks_which_property_will_have_the_better_resale_value/1201.

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