A simple point (from a simple mind…) considering investment purposes:
- a house on the beach: it should have resale value, but there are several costs associated with it, for instance, rust, molds, maintenance in general, to contract a company to look for the house while not there…, owns the land though;
- an apartment in town: may not have great resale value after several years (wrong assumption?) but can provide rental incomes and maintenance may be cheaper (if rented, tenant pays the condominium fees). Only a minimum fraction of the land is actually owned.
Buy as a Summer home is different, I think that boils down to “Do I like it”, and that’s it.
P.S.: regarding furnishing:
I prefer everything installed. When I bought my ap. em 2000, I spent more than R$ 20,000 (8 years ago, what would be equivalent today?) to furnish it. A month ago when I called my agent in the South regarding my ap, he said that would add a minimum to the resale value, almost nothing comparing with an empty ap. in my building.
