Is buying a condo a wise idea for first-time buyers or investors?
Question
Leave an answer
theatelierofficials
Register Now
If You're New to this Website - Create an Account for 100% Free !!
Answer ( 1 )
A condo might be an especially enticing alternative for first-time homebuyers. The apparent benefit is the cheaper price, but if you’ve been renting, you may already be used to condo-style living and can continue to have that experience while accumulating equity.
Condos aren’t just for individuals on a tight budget or who aim to sell soon; they can also be excellent long-term investment options. A condo can be used as a rental property, with renters signing a year-to-year lease, or it can be rented out on a short-term basis through Airbnb or VRBO.
While renting a property can help you earn passive income, there are other factors to consider, such as how simple it is to find a long-term renter or how much money you can make on a nightly basis with out-of-town guests, as well as the expense of maintaining the property for tenants and visitors. The good news is that there are tax advantages for rental homes that can help offset some of the costs.
Whatever your reason for purchasing a condo, it will most certainly cost a little more in 2022 as housing prices continue to rise. Buying a condo in some regions will feel just as competitive as finding a single-family home. Be flexible and compare multiple properties.
If you are looking for a luxury condos in Singapore? The Atelier Freehold. District 9. Newton. Be one of a few. In a single, definitive residential tower with only 120 residences. Where architecture, landscaping and living spaces are designed for the way you live. With facilities and features that augment who you are, and where relationships are forged and grown. Take your rightful place in Newton, District 9, one of Singapore’s most coveted addresses. An area on the cusp of gentrification. Right next to the famous Orchard Road shopping and entertainment belt. Finally, a home that’s indisputably you. Visit our Website or call us at +6594772000 for more info…