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Condominium purchase is a farsighted property investment with the added value of home ownership built in. Resale value and fluid market liquidity of condominiums make them the perfect property investment vehicle for revenue, residence, retirement, or resale. Multiple condominium purchases in the same state, abroad, or near resorts can create value that will be realized when the condominium is put on the market again for resale. North Carolina condos, for example, can be used for vacation living and then rented for Spring Break or summer vacation rentals. North Carolina condos have a permanent demand for retirees and vacation rentals.
Condominium purchase can derive additional income while the property or surrounding area realizes a higher value or develops a more metropolitan residency appeal. Upgrades and amenities to main structure, clubhouse, pool area and grounds can attract competitive buyers looking to purchase valuable assets and flexible living residences. Condominium rentals can be marketed to residents who wanted a more sedate lifestyle, a bare bones business travel residence or a splashy high-rise for entertaining. Condominiums are also less maintenance and less upkeep than regular homes for sale.