Today, many people become investors. One of the best investments that can be purchased is property investment. There are many instrument properties that you can choose. You only need to determine which instrument you need. Property investment is one of the investments chosen by many people. You can choose Avenue South condo showflat as one of the best properties.
Before deciding to invest in property, there are a number of things you must pay attention to. You must determine the location of the property. these are some of the exact location criteria of the property.
1. Close to Industrial or Factory Areas
Although this location is not as elite as the office area, there are other things that can make the value of an investment in the area high, namely that the population in the area will usually be larger than other locations. This will provide opportunities for us to have potential property, such as rented or boarding houses. Commercial property in this area also needs our consideration because it can serve the needs of factory workers, such as credit kiosks, food stalls or minimarkets.
2. Around School or Campus
Property in the school or campus area is a very promising area because it can make it easier for us to generate positive cash flow each. when In locations like this it is highly recommended to make photocopying kiosks, credit kiosks, canteens, salons, or boarding rooms for our foreign students who study or study in the area. So, don’t look at one eye and underestimate this location.
3. Close to Shopping Centers (Malls)
Demand for property in this area is high. People who live in areas like this find life easier. With the existence of shopping malls or malls, the surrounding area will become more alive. This is the most sought after by many people.
A condo can be one of the best investment choices. However, it doesn’t mean that you always make money. Do you choose Meyer Mansion condo unit? Although property investment promises a great return on investment, you must consider the property investment mistakes. Property investors must set a strategy so they don’t take the wrong step. They fall into mistakes that should be avoided. You will not get a profit if you make a mistake in investing property even if you choose a condominium. The following are the common property investment mistakes.
Investors buy in the Property Boom Period
The period in which the property cycle is in peak period is actually the most inappropriate period to buy the property. This can happen because the price is already very high, so when the investor intends to resell. So they will bite the fingers because it is difficult to find a buyer because the price is stuck.
Investors do not pay attention to legality
One of the most important aspects of the property is the legal aspect because it deals with ownership rights. There are investors who only buy emotions so they don’t pay attention to the legality aspects of the property that he buys. Unfortunately, this he realized when the property was running. If the permit is not valid, investors also have to bear the risk!
Investors buy in areas that are not alive
Buy in a Area that Is Not Alive
Location factors remain important in investment. Regarding location, it is also related to the surrounding environment and the chosen concept. If a condominium area that he buys turns out to be not crowded, and quiet, your investment comes with the risks. Conversely, if the area becomes crowded and alive in the future, it will be easy to sell the property at a good price. For this reason, it takes instincts and carefulness of investors to find out.
Knowing the reputation of a condo developer is of course important. Unfortunately. sometimes this is also often forgotten, especially for millennials. Previously, you should find out the developer reputation of the condo building. What for? This will actually affect your survival when you live in a condo later. The construction of the condo initially must have been through a long and not easy licensing process. So it was found by many developers who built buildings while licensing was still uncertainly ratified, so that the tenant’s sustainability became unclear. Don’t let this happen to you. Do you plan to live in One Holland Village? Many people decide to buy the condo unit by choosing the type that meets their needs.
In addition to the reputation of the condo developer, you also need to know the condo management. For this, you can simply find out the big picture of the reputation of the manager or management of the building. You must find out how the system is in it, responding to complaints, services, and so on. Maybe this is not too much thought at the beginning, but in fact many tenants who have occupied a new residence feel awkward and finally complain a lot.
Do you buy a condo for investment reasons? If you need to choose condo for investment, there are a few more things that must be considered in order to achieve maximum profits. Determine in advance whether you want to rent the condo or resell it. Each has its calculations. Usually the owners will rent in advance to get income on a regular basis. However, the most important thing about this investment section, you need to explore the info whether this condo has the potential to be invested, both from the location, the size of the room, the facilities you provide, and so on.
You have spent hours in sales and tour presentations through Van Holland condominium model units, and now you are finally ready to take the risk. You love condos, but before you sign at the dotted line, make sure you are equally compatible with the condo association. Take the time to go through the following checklist before you buy. You will be glad you did, Review the last few minutes of the condo board to see what kind of complaints the members are voicing. Minutes will also give you an idea of ??future projects or repair sellers do not bother anymore. Have the owner been paying their contributions on time? If there is a high level of delinquency, it can be a sign of dissatisfied members or funds lacking in reserve funds. On the topic of reserve funds, find out when the last review was carried out. The board must have a long term schedule set for the type of update or improvement they will face. If the Association does not apply at least 20 to 25 percent of membership fees for reserve funds, this could be a sign that the building has been neglected or is due to a large increase.
Request a copy of the insurance certificate that summarizes the Association’s policies of condo. Check to see that reimbursement fees are in line with today’s prices. Next, look for a building-regulation clause. If this is included in the policy, it means that the insurance company will pay the fees needed to renew the building code in terms of rebuilding. Finally, understand what insurance condo companies cover and what you are responsible for. Take a copy of the association’s by-laws for real estate lawyers to make sure they are up to date and reasonable. You can also have the Association screened for any previous or upcoming lawsuits. Beware of condo boards that are quick to take owners to court instead of negotiating solutions.
New Amber Park is a new launch condo as a collective sale, where the site was sold to CDL development for $906.7 million. The sale price of $906.7 million that works out to land cost. The cost is about $1515 per square feet per plot area ratio on the gross floor area. The new condo will be announced on the sales day like any other new launches. The indicating pricing usually will be announced earlier. If you’re interested to buy a new condo, there are new launches condo available prices per square foot you need to know.
Amber Park Available Prices PSF You Need to Know
1. Construction Costs
The cost of constructing the condos has influenced the price at the launch date of the condoms will be sold. The companies have become so efficient of construction costs for each building per square foot don’t vary so much.
2. Cost of Land
The price of a new condo on the launch date is the price which the land was acquired for the development. The cost of land extends across the size that the cost per square foot is established. It means that land with fewer condos may have a higher land per square foot than another one with more condos built on it.
3. Developer Profit and Expenses
The cost of building a condominium and the cost of land will give you the cost of the project base. 30% of a fraction of that base cost will be added to cover the additional expenses, like financing costs and conveyance fees during the land development. It also covers the developer’s profit margin. The total of the base cost an additional 30% estimated of the new condo price on the launch date.
That’s all about available prices per square foot of the new launch condos. It can be a good choice for your future investments.