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Are Condominiums A Wise Investment Choice

May 28, 2008
Everyday, thousands of people make the decision to purchase a home. It is a wonderful part of the American dream. There are many types of homes, traditional, townhouses, and of course, condos.

People are tired of paying rent just to pay someone else's mortgage when they could be paying one of their own.

Purchasing a condominium as your first home is a good real estate investment. You can make as many changes to the interior of it as you want, and possibly even bring the value of it up. However, once you have lived in your condominium for a while, you may think twice about selling it. There is a certain appeal to living in a condo.

Living in a condominium community is a wonderful experience. You form bonds of friendship with your neighbors making it difficult to leave.

Living in a condo has many different advantages.

* No outdoor maintenance

* No repairs of any kind

* No mowing the lawn

* No shoveling snow

* Access to all the facilities it has to offer

* Off street parking

When you live in this type of residence, the association fees that you pay each month, in addition to your mortgage, covers all of the maintenance and repairs that are needed. This means that if your roof needs repair or your furnace breaks down, you do not have to pay to have it repaired. When you research the cost of replacing a roof alone, you will find that the association fees that are paid are nowhere near the cost of the roof repair. It all works out in the best interest of the property owner.

For people who like to barbeque, condos offer backyards just as a conventional home, for your friends and family to get together.

If you are purchasing the condominium as a Real Estate investment, the location is critical. There are many different locations that can increase your profit if you choose to rent. Areas such as West Virginia will yield you a very high profit.

Real Estate property in West Virginia is an excellent investment because of the diversity of the state. There are many different ethnic cultures in West Virginia and there is something for everyone. Indoor and outdoor activities as well as amusement parks and hiking trails are just some of the activities that can be found.

Renting your property on either a weekly or monthly basis will yield you a very good profit.

Condo life is not for everyone. However the majority of people who have had the experience continue to live in them.

Finding the perfect spot is not difficult if you have a good real estate agent. He or she will know good areas to look for your ideal property. Once you have specified what you want, the rest is just a matter of visiting different communities until you have found the right one.

Fitness centers, pools, parks, and recreational rooms are just a few of the amenities that condominiums have to offer.
About the Author
Peter Geisheker is the CEO of The Geisheker Group marketing company Peter develops and implements strategic marketing programs for businesses including real estate developers and West Virginia real estate
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