Condo and property investments are generally valued as investment instruments that have bright prospects. Compared to stocks, deposits, and mutual funds, property investment tends to have a small risk. It’s because property values tend to always rise and the potential for a high Return of Investment (ROI). Even though it has bright prospects, there are still potential risks that can make your condo investment not profitable. Therefore, careful planning is needed when starting a condo investment. We also recommend you to buy The Landmark condo unit for a promising investment.
Are you interested in investing in a condo? If you are, please read the following condo investment tips:
Aim for Market Segmentation
Before you buy a condo for investment, you must be careful in targeting who could potentially rent your condo unit. By aiming for proper market segmentation, you can determine the right location for a condo for investment.
In addition, aiming at market segmentation is very important to measure the economic capabilities of prospective tenants/buyers. This is useful for determining the selling/renting price of your condo unit.
Do not let the price of renting/selling your condo is far higher than the economic capacity of your target market segmentation so that your condo unit can be sold or rented well. If you want such a condo, you can check out The Landmark.
Investigate Your Condo Developers
The third thing you need to consider when you want to buy a condo for investment is to examine the performance of your target condo developer.
You must cleverly look at the track record of the developer, whether the developer is credible and responsible for the development of their projects or not.
See Condo Land Status
You also have to see the status of the land where your target condo was built. There are usually two types of condo land status built, they are the status of land with developer rights and BOT (Build, Operate, Transfer) status.
A condo that has a good investment prospect is a condo that stands on land with developer rights. While a condo complex on BOT land stands on land that belongs to the government.