Although the currency of money keeps decreasing, condominiums remain the right choice to invest. For this reason, in order to get favorable returns on the other side, there are several things to consider before deciding to invest in the vertical housing. One of the things to consider, then, will be in the following section:
– Buy in the pre-sales
The price of the condominium, like the Park Place Residences price, for example, is, of course, one of the most important things to consider as it is the one that determines almost every other aspects of the condo such as facilities, the location, the state of the building and so on. The more expensive and pricier the price of the condo, the more of those other aspects you will be able to get.
When the condo is open in the pre-sale, the price of a condominium that is offered will be much lower than the price to be offered after the pre-sales. The reason is because the project of the condo offered is still a concept. Thus, prospective investors can take such this opportunity.
Typically, the strategies of the pre-sales sales are conducted approximately for one year before the marketing or the launching of the real building of the condo. It is intended to help the cash-flow of the developer and boost the confidence of consumers that would buy the project. When the marketing period has arrived, the investors will benefit from the price increase of the building.
Approximately, the potential profit of the unit of the condo which is sold back before the whole constructing process of the building is finished, is about 30 percent to 50 percent. While the unit of the condo which is back on the market two until three years after the building has been finished could reach the increase of 50 percent to 80 percent. It is one of the reasons why investing in a condo is, indeed, beneficial.