Affordable Tremblant Investment

Tremblant, meaning trembling mountain in French, has the reputation of a winter heavenly vacation spot. It is only more an hour drive from the City of Montreal, Canada. An all weather winter and summer resort, its ski facilities is world class. It has all year round swimming pools and golf courses.

Many dream of owning a piece of real estate property in this fantastic place. But the cost of properties here are sky high, considering that average cost of a vacation house here is US$ 1 million.

But Tremblant real estate men solved this high cost of real estate by means of the Condo-hotel scheme. This scheme involves the construction of high-rise luxury hotels, and have them operated by well – known hotel-chain operators like Westin, Carlton, Fairmont, Ritz and others. In this scheme, hotel structures are built like condominium units, unified into a hotel setup.

With this scheme, individual condo units are made available for sale with affordable prices. Though smacked in expensive areas, the cost per unit is reduced because of the multi-story concept. Furthermore- while the condo unit is vacant, when it’s not used by the owner, it can be rented out thru the hotel administrator; this is if the owner allows it. The fees charged are quite steep, but the condo unit will be maintained well and will have a good reputation and selling point. This will enable the owner to get a good resale price if he decides to sell it.

With the prevailing economic condition now, if one has extra money to invest, now is the time to dabble in real estate ventures, while the market prices are on the down side. Joseph Kennedy, the father of Pres. Kenned, made the bulk of his wealth by buying bargain real estate properties during the Great Depression period. When the good times came, his properties multiplied in value, several times over their acquisition costs.

Now, one could be a Tremblant property owner, a place where only multi-millionaires could afford.