Condo investment is often a hot topic of conversation among activists in property investment 2018 because it promises big profits. However, before discussing the advantages and disadvantages of condominium investment, did you know the difference between an apartment and a condominium? Indeed in the development of property rights, now apartments and condominiums do not have such a big difference. But actually, the apartment and condominium are quite different if it refers to the right of ownership. With the presence of Parc Central condo, you have the chance to know which condo that is suitable for you.
Apartments are terms used to denote vertical rental occupancy, while Parc Central condo is apartments owned by each occupant. Thus, the condominium refers to the right to use the building, while the apartment emphasizes the physical building. If you are interested in investing in condominiums, let’s look at some of the considerations regarding the following condo investment benefits.
No Need to Fuss with Home Improvement and Renovation
With regard to the exterior of the condominium, the owners or investors need no hassles. Because all the responsibilities and necessary repairs such as replacing the board, ceiling installation or roof of the condominium unit is the responsibility of the association of the condominium. In addition, outside maintenance of condominium buildings such as hygiene, the order of parking spaces, even the beauty of the park will also be taken care of by the condominium association. Your responsibility as an investor is to perfect the interior of your condo unit.
If you as a Parc Central investor do not sell your room unit, you can have the opportunity to benefit from your unit rental. By leasing condominium units, you will get cash flow every month. Calculate has a count, cash flow that you can get as a condominium investor has an average amount that exceeds the deposit rate. If you’ve heard of a condotel that is, condo-hotel, this investment is also very profitable because of the condominium facilities more luxurious like a hotel. The profits will be doubled. In property investment in the form of Condotel, you as an investor will be guaranteed Rental Guarantee percent for the first 2 to 3 years at 8% to 10%.
Increase in Unit Price Along with Inflation
As we all know that inflation keeps property prices going up every year. Therefore, the value or unit price of your Parc Central condominium will also follow the increase. If you are interested to sell it, of course, you will get a capital gain than doubled from the purchase price of the condominium.