Viral Home Ideas
When looking for a property to invest your money, you have many options to choose from, and they come in various forms, shapes, and sizes. In an urban setting, housing options for someone who has a budget like you may include detached homes, condos, and apartments. A condo unit, which is a cross between a detached home and an apartment, may seem to be the best option.
Buying a condo means outright ownership of the unit. Unlike when buying a detached home that you also have to buy the lot on which the house is standing, buying a condo only accounts the floor area of the condo. You only own the unit but do not share ownership on the lot. Apartments are usually leased out by owners.
Investing in a condo can be the best decision when you are bent on investing in some real properties. For the following reasons, you should start looking for a condominium that is located in a strategic location like Penrose Sims Drive in Singapore. You will forever be grateful for buying a condo unit, for sure.
Outright Ownership at More Affordable Prices
You are entitled to own your condo unit when you are able to give the last installment of your payment, or if you buy the whole payment at once. By buying only the condo unit, it is way more affordable than buying a house and lot. You will also realize that it will cost you less than paying your monthly rental when opting for an apartment to rent.
Another Source of Monthly Income
When you are buying a condo with an intention to rent it out to tenants, you may be able to have the return of your investment in a couple of years. When your condo is located on some prime areas in the metropolis, there will always be happy clients to rent it from you. You can also let it be rented by transients if the location is on some tourist or business sites.
Assured of Increased Market Value
Living in a condo will still be the trend among city dwellers for many generations to come. With a strategically located condo, you are ensured that its market value can even double in the coming years. When you buy condo units intending to sell them in the future, this time is the perfect moment to do so. You not only be assured of the return of investment but with big, big profits that will come along.
Indeed, investing in condos can be the wisest decision when planning on investing on real properties. You will not only be saving on money, but you will have the potential of earning more.…