It is a smart and complex move to buy an apartment complex or condo as part of your property portfolio. It is easier for those who have previously owned rental properties to understand the benefits of owning a flat building.
Although there are many benefits, it is still a different world to owning or leasing a house. It is important to find the best luxury condo agent in Singapore to buy an ideal condo for you . Here are some things you should consider when buying a condo in Singapore.
You should have extensive experience in commercial realty to hire an agent to assist you with the purchase. To improve the talent of your team, you may want to seek out other experts who are experienced in large-scale rentals properties.
The team could also include an appraiser, who can assess the property and send you a valid value. The appraiser might also be able to tell you how much profit you can expect from the building.
If you are unsure about the accuracy of the balance sheets, review them again. This will provide you with an estimate of how much profit you can expect from your investment.
If the building has any tenants, the balance announcement may also include the rent roster. This will inform you if you don't find any rent control units.
Location is the most important factor when deciding which properties to buy. If you are looking for a property that is well-located but needs work, it is worth considering. The rentable area can be charged as soon as the building is paid off. This will likely result in a solid return.