Basic Advantages When Buying a Cond Hotel Unit
If you are thinking of buying a second home or a vacation home,
you should take into consideration the option of getting a
condo-hotel unit. It is the latest trend in real estate
investment and in travel accommodation terms. If you are still
not convinced whether a condo-hotel unit would be a good
investment for you, here are some advantages you will benefit
from whenever owning a condo-hotel unit.
First of all, you can use your condo hotel unit whenever you
feel like having a vacation. This is not the case with
timeshares that are allowing you to use your property only for a
limited period of time every year.
Secondly, you will benefit from a luxury accommodation
treatment. These condo hotels are usually first-class, luxurious
properties equipped with the best facilities.
Another advantage is not dealing with any maintenance issues.
The maintenance company will take care of everything in your
place. This wouldn't happen if you were the owner of a second
house, where repairs were your responsibility.
You will have your own place in the sun. Considering the fact
that oceanfront land is limited and expensive, by buying a condo
hotel unit you will secure your place for recreation. You will
not have to worry anymore about how expensive a vacation can be
or about not finding a free hotel room while travelling!
You will even gain money out of this condo hotel unit. Whenever
you aren't using it, you can arrange with the hotel management
to put it back into the hotel's usual rental programme. You
don't have to worry about finding tenants or keeping an eye on
them, the hotel management will deal with these problems. The
income will be split evenly with the hotel management.
Your investments portfolio will be diversified. Investing in
real estate is safer than investing it at the stock market.
Owning a condo hotel will spare you the worries about the ups
and downs of the stock market.
And, maybe the most important advantage of all, you will save on
your taxes. Buying a second home will provide you with a new
range of federal tax deductions and tax-sheltered income.
In conclusion, you have all the reasons in the world to purchase
a condo hotel unit: it is a great vacation place and also a good
source of money!