Condo investment is indeed very profitable, but for those of you who have never been in the world of property investment, you need to know the pros and cons of investing in a condominium. Don’t let you regret later because of immature considerations. Find out How to Own a Condo in Singapore on our website.
Condo investment is often a hot topic of discussion among property investment activists because it promises such a large profit. However, before discussing the advantages and disadvantages of condo investment, do you know the difference between an apartment and a condo? Indeed, in the development of ownership rights, now apartments and condominiums do not have such a big difference.
But actually, apartments and condominiums are quite different when it comes to ownership rights. Apartment is a term used to indicate vertical housing that is rented out, while condominium is an apartment that is owned by each occupant. Thus, condominium refers to the right to use the building, while the apartment emphasizes the physical building. If you are interested in investing in a condominium, let’s look at some considerations regarding the advantages and disadvantages of the following condominium investment.
Regarding the exterior of the condominium, the owners or investors do not need to bother. This is because all the responsibilities and necessary repairs such as replacing the boards, installing the ceiling or roof of the condominium unit are the responsibility of the association of the condominium. In addition, external maintenance of the condominium building such as cleanliness, arrangement of parking spaces, and even the beauty of the garden will also be taken care of by the condominium association. Your responsibility as an investor is to perfect the interior of your condominium unit.
If you as a condominium investor do not sell your room unit, you will have the opportunity to benefit from renting your unit. By renting a condominium unit, you will get cash flow every month. Count has a count, the cash flow that you can get as a condominium investor has an average amount that exceeds the deposit interest.