Why is a Garage Solution Condominium a good investment?
• If you are unable to build your own storage building due to lack of acreage, city ordinances, covenants, expense or time constraints, owning a condominium is an excellent investment versus renting. • If you elect to finance the purchase, on a square foot basis, a mortgage payment can be competitive with rental properties. • A mortgage payment ends versus a rental payment, which does not. • No enduring rental increases or renewal hassles. • The property will be an asset on your personal financial statement. • You may experience a return on investment due to appreciation (market conditions apply). • Owning may offer tax benefits such as depreciation and deductible mortgage interest (consult with a tax professional). • Expenses for improvements can be recaptured at the time of the sale of a unit. What is the Garage Solution Condominium Owners Association? Unit owners become members of an association, which will allow them to enjoy a partnership participation in the management and mainte
