condochic.net

Investing in a condominium has all the negatives of real estate investing. The investment is illiquid, that is, there is not always a market for the assets and in the long run, it may be difficult to sell. It has the negatives similar to hotel business, as rents, occupancy and salary rates are all focus to market conditions. The title-holder has one vote in the association per unit, and is effected to the views and voting privileges of the other members. Property developments are not done on the owners timetable, but on the schedule of the association. Appraisals can be ordered by a majority of other owners.