By Fudge Tajar
A number of homebuyers are skeptical at first when deciding whether it would be beneficial to purchase a condominium unit over a house and lot. Condominium spaces are relatively cheaper and more attainable to own compare to dwellings which are built on land. Much of the concern is hinged on the idea that condominium buildings are only good for fifty years which will eventually be demolished. Another question is how the law on ownership works in a condominium set up between homeowners. Thus, many potential purchasers would be doubtful whether or not buying a condo unit would actually be a wise investment.
We gathered the usual concerns on this issue in order to guide you in deciding on your future property investment.