Condo investment is indeed often the subject of warm conversation among real estate investment activists because it promises such a large profit. However, before discussing the advantages and disadvantages of Penrose condominium investment, do you know the difference between an condo and a condominium? The condo is a term used to indicate vertical housing for rent, while a condominium is an condo that is owned by each occupant. If you are interested in investing in condominiums, let’s look at a few considerations regarding the profit and loss from the following condominium investment.
No wonder why many real estate investors take a second glance at Penrose condominium investment. That is due to various beneficial factors as follows. Regarding the exterior of the condominium, the owners or investors do not need to be bothered. Because all the responsibilities and repairs that are needed such as replacing boards, ceiling, or roof installation of condominium units are the responsibility of the condominium association. Besides, maintenance outside the condominium building such as cleanliness, the layout of the parking space, 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 condominium unit.
If you as a Penrose condominium investor do not sell your room unit, you can get the opportunity to benefit from renting your unit. By renting out condominium units, you will get cash flow every month. The count has a count, the cash flow that you can get as a condominium investor has an average amount that exceeds the deposit rate. This investment is very profitable because condominium facilities are increasingly luxurious. The benefits will also multiply. However, you need to be careful in choosing the developer of the condominium. Many are losing their money because of the credibility of the developer that is questioned.