Car Condos
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Car condos (also known as car condominiums) are most widely defined as purchased parking facilities. Although the term may apply simply to a designated spot in a private parking lot, usually it implies an individual, climate-controlled parking garage people can buy to store their exotic cars, motorcycles, boats and other items. Amenities include private bathrooms, concierge services, 24-hour security and clubhouses to entertain guests. Car condo developers are marketing their projects to the following demographic:
1. The classic car owner who wishes to store his/her vehicle in an optimum environment.
2. A person who has a secondary residence in a popular vacation destination and wishes to keep a car year-round at that destination.
3. A resident of an urban area where parking a car is exorbitantly expensive and where the car owner wishes a property interest in return for the large monthly parking outlay.
Car condo complexes offer a variety of service offerings from webcams where owners can peek at their vehicles over the Internet to private bathrooms for their owners to use.
