Fabio La Rosa brings more than a decade of experience to his position as the founder and CEO of Noval. Mr. La Rosa directs Noval in areas of construction, engineering, and project management and has led residential and commercial development projects in the Dominican Republic. Residential projects undertaken by Fabio La Rosa’s company include condominiums, which can be beneficial financial investments.
Purchasing a condominium may be ideal for those who prefer to limit the amount of money they invest into a down payment. First-time home buyers are typically young, starting their careers, and looking for an affordable investment.
Retirees may also benefit from buying a condominium with a low down payment. After downsizing from a large property to a condo. retirees are left with access to more of their money.
Condominiums typically offer a variety of amenities, such as pools and workout rooms, features that would cost far more to build onto an independent home than the amount owners pay in condo fees. Condo property values also increase over time as improvements are made to the premises. Since maintenance and repair fees are shared among many residents, owners spend less than they would on upkeep for a stand-alone home.
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