Is it a good idea to invest on a condo?

March 23, 2012  //  Posted by: cooldude  //  Category: Property Investments

Invest in condos, investments tipsAre you planning to invest in a rental property? If yes, you might consider investing in a condominium or condo. However, before you do invest, you will need to know about the advantages and the disadvantages of investing in a condo. There are different types of condos like townhouse, apartment, conversion, pre-sale, re-sale and new. So, determining the type of condo you want to invest in is equally important. Here are some of the benefits of investing in a condo.

First, the condos appreciate in value at a rate that is usually higher than the inflation rate. Second, due to the low rate of vacancy it is very easy to find occupants for your condo. Third, there is increase in the demand for condo luxury and lifestyle and therefore it is proving to be a great investment option. Fourth, the economic advantage of investing in a condo is more, especially for first time investors, because the cost of up keeping a condo is relatively less.

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