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What ongoing costs will you see with the condo? I'm assuming you do the expansion at your current residence and you're done (maybe a slight uptick in taxes if you go that route?). With the condo, are there monthly/annual HOA dues, taxes, maintenance in addition to the $220k?
For value, I have to imagine for you to add an additional 550 sqft (assuming that's what you get with possible roof pitch allowing much less or knee walls), the $/ft will be much higher than the 1400sqft you get for $220k. $160/ft ain't bad turn-key.
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