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Invest In a Money Making Condo

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					                     Discover 101 Amazing Real Estate Tips and Secrets



                         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



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                     Discover 101 Amazing Real Estate Tips and Secrets

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?




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