A condominium in itself is a great investment for the first time home buyer. Small condominiums of less than 10 units are not required by the act to have a reserve fund study completed by a person qualified to conduct these studies under the act. Even when the real estate market has been through its worst, the sale of condominiums in Naples, Florida has hardly dwindled.
They are owned in common with all other unit owners and are for their mutual use and enjoyment (for example, hallways, elevators, mechanical equipment, lawn and swimming pool). Apartments in a rental building are …