Many of my Philly Condo buyers ask me which buildings they should view based on specific amenities. Here’s how I generally respond.
Category: Philadelphia Real Estate
Like A New Car- New Construction Condos Can Initially Depreciate
This scenario and resulting depreciation is usually wiped off the books after year one. It is the initial depreciation of a new condo that is loaded towards the front of ownership- like in the first year. Once that hurdle is cleared- the possibility of depreciation lifts as well.