Condotels - Investing For Tomorrow  My "nitch" market is in the condotel arena. I take great pride and interest in this specialty market segment and have a lot of fun doing it. Just in Avalon and Stone Harbor the average asking price for a home on the market is $2,435,000.00. On all of the barrier islands from Ocean City to Cape May you will find prices out of reach for 95% of us buyers out there. Therefore, I believe you better have a plan "B" if you don't have just a cool two million lying around for a second home purchase. That plan "B" is the ideal combination of price, location, amenities, and rental income. In other words the Condotel. You need to get into the market today for any potential of future value down the road. Its easy to look back and say I should have bought that ocean front lot in Stone Harbor for $125,000 back in ' 78 because today its worth around $5.5 million! The question is about today and whether or not your going to invest in your families future for tomorrow? The real estate market is always changing and so are the available properties/units so please contact me right now for immediate up to date information. |