Repair vs Sell Your Aging Condo Building

Category: Real Estate

As condominium buildings age, owners often face the decision of whether to repair or sell. This article explores the factors to consider when deciding between repairing or selling an aging condo building. It discusses the costs and challenges of repairs, the potential benefits of selling, and the importance of assessing market conditions and property value. The article also offers insights into alternative options, such as redevelopment or collaboration with developers. By understanding the considerations involved in repairing versus selling an aging condo building, owners can make informed decisions that align with their financial goals and the best interests of the community.