A condo is not only a place to live but also an investment asset. It is undeniable that condominium is the most profitable business. This is because the value continues to increase every year, and prospective customers are looking for condo units. No wonder the business of selling, buying, and renting condos is now becoming a trend among millennials. If you are also a millennial, we suggest you check out the Landmark condo.
Nevertheless, running a property business is not as easy as imagined. High prices certainly become a major obstacle in running this business. Not only that, if one chooses a condo, sometimes he suffers from losses instead of gaining profits.
Running a property business requires careful preparation. You must be observant to see the potential possessed by the condo. There are several benchmarks that can be your reference in determining the potential of a condo. We also suggest you check out the high potential of the Landmark condo.
Please read this information to see the potential for condos in the property business:
Even though the condo you bought is still in an area that has fewer visitors, you must see if there is infrastructure development in it. If there is, it means that the condo has potential because it is in a developing region.
It is undeniable that infrastructure is one of the supporting factors in increasing the value of the investment. Condos that are in an area that is full of public facilities are definitely more valuable when compared to places that have fewer visitors.
Being in the Center of Economic Growth
A condo will be even more valuable if it is in the center of the economy. Some examples are condos in big cities around the world, especially in developing countries.
Therefore, if you want to buy a condo, try to determine its location first.
It’s Located Near Tourist Sites
A condo near a tourist site has high value. On the island that is famous for tourist destinations, annual land price growth reaches 17% -20%. This is a strong indication that properties near tourist sites are more promising than others.