Many are buying condos for investment. Countries such as the US, Singapore, Hong Kong and Penang in Malaysia are building more and more condominiums. In the US, the super-condominiums are gaining popularity now with the size of one unit of 6000 square feet.
Return on investment for a condo is much better when compared with the landed property as a terrace or semi-detached property. You can buy Wall Street condos from various online sources.
When choosing a condo to buy, decide an important location. A good location will give tenants throughout the year with a stable income. In short, condos in the area with large companies (employers), access to public transportation and in a safe environment is usually a safe bet. A condominium is located in the holiday area can provide you with a good income and a holiday vacation rental when you need it.
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Investing in a condo will get you both monthly cash flow and capital appreciation. This is when owning a condominium in the right location will be able to take a good price for the condo you will be able to cover your monthly installments and still give the allowance. A condominium project by leading developers in a good location will appreciate at least 100% of the sale price.
To ensure positive cash flow is very important for your investment, it is very important that you have a good tenant renting your property.
Amenities condominium offering also makes it attractive to your long-term tenants. If a condo is equipped with a swimming pool, badminton courts, tennis courts and a nice park would be a plus point for you.
Typically, the condo is designed to have at least 3 bedrooms and 2 bathrooms. Of course, do the appropriate up your condo; air conditioning is a must currently be simply built in the kitchen for cooking.