If owning and maintaining a home and yard is becoming less desirable now that your children have flown the nest, you may want to consider buying a condominium. In some ways, owning a condominium is like owning a home, and it can prove an equally good investment. It involves fewer maintenance responsibilities and yet can give you all the living space you’ll need.
When you buy a condominium you acquire the title to a residence in a multi-unit building or complex. The unit you buy will carry separate mortgage, if needed, and will be taxed as a residence. There will also be expenses you will share with other condo owners for maintaining the building and whatever attractions it offers for your benefit.
Owning a condominium also provides tax benefits you may find attractive. Why not give us a call so we can show you what we have to offer.