When purchasing a condominium, it is crucial to factor in the maintenance and management of the property. These units often come with maintenance fees that encompass the maintenance of shared spaces and amenities. While these fees may increase the total cost of ownership, they also guarantee the upkeep of the property and maintain its value. Investors can also consider hiring a property management company to handle the daily operations of their condos, making it a more passive investment. Additionally, property appreciation naturally occurs, providing potential profit for investors in the long run.
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