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What are condos? Self contained units within a larger real estate structure
Today's Worthwhile information:
New Option in Vacation Home Ownership
What could be more perfect that having a five-star vacation home
at a landmark resort and receiving rent revenue whenever you're
not using it? Condo hotels are the newest real estate trend,
combining a luxurious lifestyle and hassle-free ownership with
investment potential.
So how do condo hotels differ from owning a traditional vacation
apartment or condominium? These are not your typical second
homes. They are fabulously-furnished condominium suites in some
of the most famous hotels and resorts around the country. The
properties are usually large, high-rise, upscale hotels operated
by a big name like Four Seasons, Ritz Carlton, Trump, Sonesta,
Starwood, Hyatt or Hilton. Prices range from 0,000 to over
million for prime properties.
Condo Hotels Generate Revenue to Defray Ownership Costs
How do condo hotel
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Well, here I am buying my first condo and boy am I learning alot.
First I learned to pick a real estate agent I know or at least one
who has been recommended. There are so many behind the scenes deals
going on, with some of these realtors, that you can't tell whether
they actually care if you get a good deal or not. Some realtors
only work with certain builders or certain properties. This means
that there is a whole world of other condos out there in your price
range that you may not be seeing.
Next I learned to check the construction. Here in Florida you want
a concrete based construction. Many of these new condos or
apartment to condo conversions use what seems like pliewood.
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