We generally recommend staying for a minimum of 5 years unless you plan on doing significant cosmetic updates to the unit, which will increase your equity position. 5 years in most markets will bring enough appreciation to cover the costs of selling, but it's still very expensive to sell. Don't underestimate that. Condos specifically can be harder to sell in a down market, but only a local real estate expert can advise you on whether the outlook for similar units looks positive or negative.


