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are condos a good investment? |
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Are Palm Springs, California condos a good investment?
Condominiums have held their value as an investment despite economic downturns and problems with some associations. In fact, condos have appreciated more in the past few years than when they first came on the scene in the late 1970s and early 1980s, experts say.
While there are lots of reports about Palm Springs, California area homeowners association disputes and construction-defect problems, the industry has worked hard to turn its image around.
Elected volunteers who serve on association boards are better trained
at handling complex budget and legal issues, for example, while many
boards go to great lengths to avoid the kind of protracted and
expensive litigation that has hurt resale value in the past.
Meanwhile, changing demographics are making condominiums more
attractive investments for single home buyers, empty nesters and
first-time buyers in expensive markets.
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Last Updated ( Thursday, 04 September 2008 )
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