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comments on Basic Types of Condominiums
in Charlotte-Mecklenburg. |
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Charlotte
Condominiums
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Basic Types of Condominiums |
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Residential
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One of the more popular types of
use
is the live-work concept in Charlotte Condominiums:
there are representatives of live-work in Cornelius, in North Davidson (NoDa),
South End and others.
Here is Camden Row in South End.
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| Commercial |
| Conversions |
| Resort |
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Residential
Condominiums are often the first choice for home buyers these
days. First timers find them attractive...in price, maintenance, and
for the amenities: pool and tennis. Young marrieds and empty nesters
are both drawn to the concept...with little need for playgrounds and
other little chums to play with, attached housing is a logical
choice. The market prices represent a wide range for various
economic backgrounds. Often times condominiums and town homes offer
communities of similar lifestyles. |
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Commercial
Commercial condominiums have always been with us in
Charlotte. They offer the only significant alternative to leasing
space. It is a viable alternative for owners can keep pace with
inflation. Commercial condominium afford excellent tax benefits and
appreciation to boot. Small groups of doctors, lawyers and
accountants, health care providers, consultants find office
condominiums flexible and highly attarctive as investment property.
Some creative approaches around the Charlotte region include
live/work arrangements.
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Conversions
There are many kinds of conversions: apartment houses, office
buildings, mobile home parks, marinas, parking garages and many
different kinds of rental property are being processed throughout
the country. Where are conversions in Charlotte? Rockledge in Myers
Park, Churchill in Cotswold, The Poplars, Uptown and Heathstead,
South Park,
which has a very interesting history. |
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Resort
At the beach, golf course communities, ski slopes and other
vacation and recreation areas...resort condominiums for the
professional instructors. A draw for investors and seasonal users
are typical candidates for this market. With the change in the tax
laws, second homes are heading list of home owners. |
