Condos: A Major Success
Condos have been successful in every corner of our world. From
their origination in Ancient Rome, to the fresh outbreak in the
European countries during the early part of the 21st century,
condos thrive almost everywhere. But the greatest success for
the condo story comes from vacation and resort areas. Why?
Because condos offer everyone, the wealthy as well as the
middle-class, an affordable, comfortable, and beautiful vacation
spot; year after year, and it's guaranteed. From the
developer's standpoint, anytime a building can be constructed
and sold at a very nice profit, it is a success. From the real
estate agent's viewpoint, more property means more business. And
from the vacationer's viewpoint, sometimes a condo just adds
that something special, which a motel room cannot. Well, not
exactly. But when you examine all the contributing factors that
make or break a wonderful vacation, where you stay, the
amenities provided, and the expense, play a huge role. Condos
afford the vacationer all the amenities of home, a kitchen,
living room, bedrooms, and usually double bath. They also
provide many vacationers with a guaranteed place to stay. Quite
often, people vacation in the same place, year after year. Condo
time shares and the unit ownership can guarantee families a
comfortable, large area for vacationing. Many of the condos
that are built are developed and built by professionals in that
area. Their experience and expertise often combine to give them
added leverage when it comes to desirable location. Quite often,
the luxury condo is built with the same beachfront view that the
luxury hotels are, for half the price. There's also the added
feature that if you are a unit owner, and there is a mortgage
attached to your property, the mortgage interest is tax
deductible. Now, not only do you have a wonderful place to
vacation, you've managed to add a tax deduction onto your tax
return. Not many pleasures in life afford the recipient with a
wonderful experience and a tax deduction. These features
combined with the fact that they're located in resort and
vacation locations, makes them very attractive to the consumer.