I purchased my Storage Condo in July of 2012. Closing costs were minimal and the process was quite easy. I sold my Condo in June of 2014, in favor of buying another larger condo at Eucalyptus at Beaumont.
In reviewing my purchase cost vs. sale price, after deducting property taxes (1.4% of the sales price,) HOA dues ($35 per month) and electrical usage at $6.00 per month, my net monthly cost was ZERO. In fact, when everything was taking into account, my income per month was $215.28 AFTER all costs as mentioned above. What could be better?
We purchased our Storage Condo in May of 2010. The escrow process was easy and fast. No surprise costs, everything was up front. After retiring, and moving to Auburn California, I reluctantly sold my Storage Condo in July of 2014. My experience at Eucalyptus at Beaumont was excellent and cannot think of anything that would have made my ownership any better.
After all of my costs for 4 years, Property Taxes,(1.4% of the sales price) HOA dues ($35 per month) and an average electricity bill of $6 per month, my net cost to own was ZERO. Like others in the project, calculated on a monthly basis, my net monthly revenue was $180.66 Per Month So, owning Condominium Storage IS better than renting by a long shot.
I purchased my Storage Condo in June of 2010. Having sold my RV, and changing my lifestyle to a road less traveled, I decided to put my Storage Condo on the market. I contacted Ted to ask what the sales price should be. I was a little surprised by his suggested selling price. Several months later, my condo sold. I have to say, this purchase was a great investment after all is said and done. There were no issues with ownership, and the Storage Condominium was all it was advertised to be. Clean, secure and most of all, Profitable
After reviewing my purchase and subsequent sale, after deducting all property taxes paid (1.4% of the sales price), HOA dues ($35 per month) and average electrical charges of $35 per month, my cost to own, like everyone else so far, was ZERO . My net monthly revenue over the 4 years of ownership was $322.58. No matter what you do, you can't duplicate those numbers by renting.