Condo conversion can be the most lucrative real estate investment whereby any real estate investor can make huge profits in a very short period of time.
Type of Condo Conversions
- Conversion involving change of use: This is the most complicated and frustrating conversion which needs huge amounts of time, knowledge and money. These conversions will involve turning a church, a factory or a manufacturing plant into a residential unit.
- Conversion with the same use: This is the easiest conversion whereby the existing residential building is turned into a condo.
- Conversions which involve additions: This is a conversion whereby you need to create a common area which can include a lobby, recreational room, indoor/outdoor swimming pool as well as some new floor plans to add a new structure. Read the full story
