Re­sort con­dos

Calgary Herald - Calgary Herald New Condos - - Recreation & Investment Properties -

Whether they are at a ski re­sort, lake­front de­vel­op­ment, or in a golf course or re­tire­ment com­mu­nity, con­do­mini­ums and town­houses of­fer strata own­er­ship, usu­ally at more af­ford­able prices than out­right own­er­ship of a va­ca­tion home. Ad­van­tages of con­do­minium prop­er­ties typ­i­cally in­clude less main­te­nance, the abil­ity to lock-it-and-leave-it with greater peace of mind, and the op­tion of hav­ing a pro­fes­sional prop­erty man­age­ment com­pany rent your unit and gen­er­ate rev­enue to de­fray the ex­pense of own­er­ship. Dis­ad­van­tages are you sel­dom have your own pri­vate space out­doors ex­cept for per­haps a pa­tio or bal­cony, and will have to share com­mon ar­eas such as pools, hot tubs and parks with other own­ers. Some peo­ple who can’t af­ford to buy a cabin or cot­tage in a cer­tain area de­cide to buy a condo in­stead, just “to get their foot in the door,” and plan to move up to a cabin in the fu­ture.

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