Investment can be either bane or boon. You can reap benefits from it or lose everything in the process of doing so. In today’s times, with cut throat competition all over the world, it is simply not enough to even meet your own needs, let alone taking care of an entire family.
An investment means that you are putting your hard earned money into some project or scheme in the hopes of monetary gains in the near future. There are many different ways in which you can invest your money.
One of them is real estate investment, which relates to investing into properties that include lands, buildings and other infrastructures. It is considered to be the safest form of investment with the least possible risks involved.
While there are many who think that investment is not always successful and many people have been reduced from riches to rags and have great hesitation in venturing into this as they do not possess that will power to do so and with very good reason.
Investing into real estate is less about purchasing land or building an infrastructure but more about making money as has been generally seen. So you need to be careful in what and with whom you are dealing with.
Today’s topic of discussion would be condominium. Now what is a condominium? It is defined as a living space akin to an apartment that is big and spacious enough to be occupied by two or more people. It is known better by its shortened form, Condo, and plays a very important role when it comes to dealing in real estate.
It has the distinction of housing both single and different families at the same time with just a common wall separating two houses in an apartment. The condominium or condo is an important point to be taken into consideration as it plays a pivotal role in the real estate business and also the first thing that investors look out for while purchasing an apartment or building. This process is time consuming as you have to ascertain what kind of building you want which in turn depends on the land that it is occupying.
Also, it is of great significance to mention about upcoming projects related to real estate and one is Ola Executive Condominium or Ola EC. It is being planned as a magnificent hotel firm that is going to be launched in Singapore early next year in 2020.
A beautiful suite with lush, colorful gardens that is to be the cynosure of all eyes is going to be launched with much fanfare, with foreign dignitaries of more than 50 countries have been invited to grace the occasion with their presence.
The main point of contention will condos investment prove to be a beneficial offer. Is it worth investing into it so in the hopes of getting monetary gains in the near future.
Let us check its 5 benefits:
- Affordable Price: The most important benefit, especially for first time investors is that the down payment will be quite low due to the cost being quite reasonable.
- Possible investment in property: The choice is entirely yours that is whether you want to buy the condominium for yourself or you want to sell it. You can also give it for rent for a good price.
- Follow the rules: It has an added advantage that can prove beneficial for you as it can reduce bad behavior of tenants.
- You are your own boss: You yourself will have the power to decide the interior designs of the house as per your choice.
- Lap of luxury: It means that you will be able to add your choice of amenities like health clubs, swimming pools, fitness centers, etc.