際際滷

際際滷Share a Scribd company logo
Condo
investment
tips
CONTENTS
 Tips for buying a condo as an investment
 Mistakes new condo investors make
 Questions to ask before becoming a landlord
 Condos as profitable investment
 Benefits of condominium investments
 Potential drawbacks of condominium investments
 Who should be looking for condos?
 References
Tips for buying a condo as an
investment
 Know your budget
 Budget including the closing
expenses
 Buy in gentrifying neighbourhood
 Think long-term
Tips for buying a condo as
an investment
 Pick a good location
 Invest in a condo that
promises high returns
 Explore less conventional
financing methods
 Ask about HOA fees rules &
condo fees
 Conduct an inspection
 Work with a real estate
agent
 Trust the floor plan
 Dont hire a lawyer
 Accept delays
 Think they have a warranty
 Hidden closing costs
 Buy at the wrong time
Mistakes new condo
investors make
Questions to ask before becoming a landlord
 Check if you have enough time to spend on
the property
 Is it an active investment role that is in
your mind?
 Are there any better options that can give
attractive returns?
Condos as profitable investments
 Buy to rent
 Affordability
 Play the maintenance-
free card
Benefits of Condominium Investments
 Low repair costs
 High demand due to
increased urbanization
 Shared amenities
attract renters
 More affordable than
single home units
 Upkeeps and
maintenance are simple
Benefits of Condominium Investments
 Low cost
 Desirable locations
 Lower maintenance
 Fewer individual
expenses
Potential drawbacks of Condominium Investments
 Condo association
fee
 Financing difficulties
 Rental restrictions
 Slower appreciation
Who should be looking for condos?
 First time home
buyers
 Boomers & seniors
 Parents of
university students
 Singles
References
 https://www.fool.com/millionacres/real-estate-
investing/rental-properties/do-condos-make-
good-rental-property-investments/
 https://www.paulrushforth.com/blog/when-are-
condos-a-good-investment/
 https://www.mashvisor.com/blog/buying-a-
condo-for-investment/
THANKS

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Condo investment tips