If you want to start a condo or apartment investment, you can not just start it. Because it requires a lot of funds, there are some preparations that you need to prepare so that you do not lose money. Aside from that, you may also need to check out the excellent stirling residences floor plan.
Keep these tips in mind if you want to make a fortune in condominium investment:
1. Know Your Investment Term
Condominium investment is very profitable both for you who want to invest for a short or long term. Typically, condo investments for the short term are between 3 to 6 months, while the long-term is 4 to 5 years.
Condo investment also has a high value of Return on Investment (ROI). Therefore, you need to choose the type of investment term you want to use.
2. Know the Condominium Developer
Like when investing in stocks, you have to know all about the company that is going to build the condo. Do not let you choose wrong and when it was bought, apparently the condominium is not so built.
3. Know the Condominium Price
Condominium prices will continue to rise. That is, you will benefit when investing in this product. On the other hand, because of the ever-increasing price, the longer you do not start condo investment, the more money you have to spend to invest with this product.
4. Know the location of the condo
Like choosing a home, the location of the strategy becomes one of the key factors to be considered. This also applies to condominium investment. If you are able to choose a condominium that has the right location, then you can make a profit quickly.
However, to keep in mind, the better the condominium location, the more expensive the price.
5. Know The Right Time To Buy
Buy a condo at a press sale. You will get a price of about 80% of the starting price. The starting price is the price pegged by the developer in the period of 1-2 years of project work. In this way, you can start a condominium investment with a lower fund.