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The rental revenue that owners receive helps defray these expenses and, in some cases, provides additional income.

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Having a pro on your team is the safest way to ensure that you get the best deal possible.

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A Good Location
The desirability and resale value of your condo-to-be depends on location more than any other single factor. Again, don't let emotion get in the way of a wise investment. No condo is an island, and the value of yours is influenced by what surrounds it. There are several elements that combine to create a good location. Your first consideration is the neighborhood itself. Every neighborhood has its own unique character; you need to make sure you'd be comfortable in the one you're thinking of living in. Take a long walk and observe carefully. Do people take pride in their building? Talk to the neighbors and ask questions that give you a better feel for the property. But be careful not to appear judgmental-you might be talking to a future neighbor.

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