Tue, 15 September 2015
Lynnsy Logue for The Book of Condos: Basic Use
There was a time when condominiums were often the first choice for home buyers. First timers find them attractive...in price, maintenance, and for the amenities: pool and tennis. Young marrieds and empty nesters are both drawn to the concept...with little need for playgrounds and other little chums to play with, attached housing is a logical choice. The market prices represent a wide range for various economic backgrounds. Often times condominiums and town homes offer communities of similar lifestyles.
Commercial condominiums have always been with us in Charlotte. They offer the only significant alternative to leasing space. It is a viable alternative for owners can keep pace with inflation. Commercial condominium afford excellent tax benefits and appreciation to boot. Small groups of doctors, lawyers and accountants, health care providers, consultants find office condominiums flexible and highly attarctive as investment property.
Some creative approaches around the Charlotte region include live/work arrangements.
There are many kinds of conversions: apartment houses, office buildings, mobile home parks, marinas, parking garages and many different kinds of rental property are being processed throughout the country. Where are conversions in Charlotte? Rockledge in Myers Park, Churchill in Cotswold, The Poplars, Uptown and Heathstead, South Park, which has a very interesting history.
At the beach, golf course communities, ski slopes and other vacation and recreation areas...resort condominiums for the professional instructors. A draw for investors and seasonal users are typical candidates for this market. With the change in the tax laws, second homes are heading list of home owners.