Condominium living is with us to stay. It is a way of life for a large segment of our population. A lot of money has been made in the turnover of condominiums. A well selected condo can make an excellent real estate investment, offering the benefits of appreciation, cash flow and tax sheltering. The beauty of the condominium ownership format appeals to many investors without the time, expertise or inclination toward property management. Professional on-site management is usually available.

As an investor, you will wish to acquire a unit or units which offer the most general appeal for rental and resale purposes.

By far, the largest profit in the shortest time is usually made when the unit is purchased during the early stages of building and development. There is more risk, however, but an early investment decision will often result in lower purchase price. Unit prices tend to rise as more sales are made and the project matures.