Invest In A Money Making Condo

Invest In A Money Making Condo



Invest In a​ Money Making Condo
Condo properties must surely be the​ investment of​ the​ future .​
Condo living is​ like having your own place but without the​ maintenance .​
It's like swimming in​ the​ pool without having to​ worry about the​ Ph balance .​
It's like being able to​ walk around lovely,​ large grounds without having to​ worry about when you are going to​ cut the​ lawn .​
It's about having your screen door get stuck without having to​ get down on​ your hands and knees to​ fix it.
And all these reasons are linked to​ the​ reason why it​ may be the​ investment buy of​ the​ future .​
It has to​ do with 'ease of​ living' - which has to​ do with the​ large numbers of​ baby boomers who are coming up to​ retirement age .​
They may not be into condos yet .... .​
Many of​ them may initially want to​ lead a​ more active life while they still have a​ surplus of​ energy.
However,​ perhaps by the​ time they are into their late seventies or​ eighties they may be looking for the​ easier life! a​ life with someone to​ help with the​ upkeep: a​ life in​ a​ condo!
The sort of​ pampering that you can expect in​ a​ condo complex will largely depend on​ the​ type of​ service that is​ offered when you buy the​ place .​
The term full service is​ often quoted,​ but some full service tariffs are fuller than others!
Before you purchase a​ condo,​ check the​ full service list .​
Does it​ have a​ limit on​ the​ yearly number of​ maintenance calls you are entitled to? Are there routine maintenance checks included in​ the​ contract? is​ there a​ shopping shuttle and could you have any input into the​ choice of​ shop?
Are there any rules in​ the​ prospectus that you would not like to​ concur with? For instance,​ are outdoor barbeques allowed on​ your balcony or​ patio? is​ there limit time for noise at​ night?
Ask to​ have the​ full service list in​ writing and dated .​
When you draw up a​ purchase agreement,​ have the​ full service list attached to​ it​ as​ an​ appendix and have the​ terms of​ it​ signed into the​ contract .​
Make sure that you do not only look into the​ lay-out of​ the​ unit and the​ facilities offered .​
There are other important factors .​
What is​ outside the​ resort wall? Anything? It has long been a​ complaint of​ condo-buyers that there is​ no nearby town to​ stroll to.
How private is​ the​ beach,​ if​ there is​ one .​
If you are considering buying a​ condo as​ an​ investment for possible future sale to​ a​ baby boomer,​ bear in​ mind that you will be opting for the​ facilities required by an​ older person.
Finally,​ when the​ sale time comes perhaps you will be too fond of​ your odd trips to​ the​ condo to​ want to​ sell it​ - maybe you should buy two while you're at​ it?




You Might Also Like:




No comments:

Powered by Blogger.