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milkStar · 01-29-2019, 12:35 PM

Would it be a better idea to build a laneway house at my parents residents or buy a 1 bedroom apartment during this time? I would probably save a considerable amount from not paying strata fees and maintenance fees right? If I purchase a condo I would probably hold it for 8-10 years. But if I build a laneway how will I ever recover my money unless we sell our principal location? I would also get a first time home buyer for the condo right? I'm leaning more towards the laneway. I would probably live in the condo myself for the first year, also if I build the laneway I could rent straight away correct? I don't mind living with my parents for the time being. What would be your opinion?

01-29-2019, 12:35 PM	#13868
milkStar I am Hook'd on RS Join Date: Apr 2011 Location: Vancouver Posts: 67 Thanked 50 Times in 18 Posts Failed 10 Times in 2 Posts	Would it be a better idea to build a laneway house at my parents residents or buy a 1 bedroom apartment during this time? I would probably save a considerable amount from not paying strata fees and maintenance fees right? If I purchase a condo I would probably hold it for 8-10 years. But if I build a laneway how will I ever recover my money unless we sell our principal location? I would also get a first time home buyer for the condo right? I'm leaning more towards the laneway. I would probably live in the condo myself for the first year, also if I build the laneway I could rent straight away correct? I don't mind living with my parents for the time being. What would be your opinion? Last edited by milkStar; 01-29-2019 at 12:44 PM.