Gain Profit From Your Condominium
July 21, 2020
The condo is an alternative residential community in urban areas. The increasingly limited availability of land and increasingly congested road conditions make this vertical residential a choice of place to live. This condition is used by some parties to gain profit by renting condo units. The targets are diverse: employees, factory workers, to students. Nevertheless, buying a Hyll on Holland condo is different from buying a house. Several things need to be considered by end-users and novice investors.
Choose condos near work locations or other routine activities. Access must also be considered, such as close to public transportation routes and other public facilities, such as shopping centers, hospitals, places of worship, schools, and others. The price of a condo unit is very varied, depending on location, floor location, view unit, and facilities. Usually, developers sell condos in the size of a semi-gross area – which has a difference of 8% – 15% greater than the original size of the condo unit (net area). Buying Hyll on Holland condo units in hard cash is more profitable because you can get a big enough discount (around 15% – 20%).
Building a condo requires complex procedures and permits. Therefore, the developer must have a guaranteed reputation, so that you avoid fraud, appointment injuries, and others. Besides, the reputation of the contractor and building planning consultant also needs to be known, because it involves the quality and aesthetics of the building. The facilities available in the Hyll on Holland condo show the level of security and comfort of residents. For this reason, the facilities available must be known from the beginning. Apart from being a residence, a condo is also a good investment arena. Thus, the prospect of the condo needs to be known in advance. Do a small survey, you may ask the developer, how much potential capital gains and rental yield you will get per year. If you want to rent a condo unit, choose a unit that is close to or one location with a shopping center.