Condominium Conversions

The upsurge in land values in recent years has contributed to the growing popularity of condominium living. More and more people, especially first time home buyers, are turning to condominiums for their first real estate investment. As the cost of building materials and construction labor has increased, so has the interest in the conversion of mobile home parks and apartment buildings into condominiums or cooperative corporations. Condominium conversions can be extremely profitable, but they are long-term projects, sharply regulated by state and local legislation.

 

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