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Follow on Google News | The Advantages of Condo ownershipBy: Brenda Alexander With tens to hundreds of thousands of dollars at stake, you want to make the best choice, and, more importantly, the right choice. The upside is that practically no matter what property type you purchase, it will appreciate in value over the years. Which is why condominiums have become so popular. Many people get hung-up on the term “condominium,” Condo Investment Pros Although there are rules, most associations allow for certain exceptions. That’s just one pro of investing in a condo, and, there are plenty of others: ● You pay a lot less for prime real estate. Condos are typically built in highly desirable locations, and because there are numerous units, the cost of owning a property right on or near the beach is a fraction of a single family home. ● You don’t have to worry about upkeep. You won’t have to do the landscaping, clean the exterior, or worry about other maintenance issues because that’s all covered by the HOA. ● You can come and go easily. Unlike a single family home, it’s a cinch to come and go whenever you like. What’s more, many condo communities offer security. ● You’ll enjoy amenities. In general, condo communities are equipped with resort-style amenities. In addition, the great location means you’re quite close to everything you need: dining, shopping, entertainment, and more. End
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