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Home Away From Home: Benefits of Condos Over Hotels and Rv’s
Most parents of school-age children are forced to confine their family vacations to summer months, Christmas holiday and Spring break. Other families can choose to take their vacations at any time that is appropriate to their personal preferences.
When people consider their vacation or weekend getaways, few understand the true range of options they really do have available to them. Many people think their only options for lodging on vacation is limited to: hotels, motels, cabins, RV’s, travel trailers, and tents. But the truth is that there are a few more options that most people never even consider.
Condominiums, also referred to as Condos, are another great lodging option to consider. But, just speaking the word Condo brings to mind for many the concept of Time Share Condos. Of course, that is one option with a Condo, but we are going to look at the other options as well.
Condominium Residency Arrangements
A condominium, very literally, is very similar to an apartment. It is a fully self-contained living arrangement, with a living area, bedrooms, private balconies, and a full kitchen; and most condos contain all of the amenities, including big screen televisions, DVD players, high-speed Internet access, and other creature comforts we generally have in our homes, such as washers and dryers. Many condos also have hot tubs or Jacuzzis in the apartments.
Condos are basically full apartments, located in areas of prime real estate, such as Las Vegas on the Strip, or many other locations around the world on beachfront property. Condos generally provide additional benefits such as swimming pools, weight rooms, restaurants, and other high-value goodies.
We are going to look at four types of Condo purchase arrangements in this section.
1. Condominium Ownership ? Condo ownership costs include the purchase price of the apartment and yearly fees to cover maintenance costs.
2. Condominium Timeshares...