Will your unit increase in value?

Of course, one can never tell with the real estate market, but an educated guess is better than a random guess. First of all, keep in mind that you will probably have to keep the unit (stay in it or rent it out) for a couple of years to recoup your purchase costs.Request a market analysis from a real estate agent regarding the selling prices of condos in the building or area. Check the price appreciation on the market analysis to evaluate how quickly the condos are increasing in value; subtract the selling price from the purchase price and divide by the number of years the property has been held by the previous owner for a ballpark estimate of annual appreciation in the neighborhood.