are condos a good investment?

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Montrose Daily Press

News from www.montrosepress.com

Crews run into treacherous conditions in Colo fire
BOULDER (AP) - Firefighters encountered a tangle of rattlesnakes, downed power lines and combustible propane tanks Wednesday as they struggled to get an upper hand on a wildfire that has destroyed dozens of homes.
EXTRA Aircraft meeting a bust: No consultant report, no vote
MONTROSE - A consultant’s report on EXTRA Aircraft was to have been presented to the public Wednesday but instead was delayed - much to the surprise of about 100 citizens who took time to attend the special meeting of Montrose County commissioners.

are condos a good investment?

Are Montrose, Colorado condos a good investment?

Condominiums have held their value as an investment despite economic downturns and problems with some associations. In fact, condos have appreciated more in the past few years than when they first came on the scene in the late 1970s and early 1980s, experts say.

While there are lots of reports about Montrose, Colorado area homeowners association disputes and construction-defect problems, the industry has worked hard to turn its image around.
Elected volunteers who serve on association boards are better trained at handling complex budget and legal issues, for example, while many boards go to great lengths to avoid the kind of protracted and expensive litigation that has hurt resale value in the past.
Meanwhile, changing demographics are making condominiums more attractive investments for single home buyers, empty nesters and first-time buyers in expensive markets.

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