To get profits, many people choose to do property investment. This is because property prices have never decreased, even it has increased every year. For that reason, it’s a good idea to invest in property from now on. One investment that is widely chosen is condominium investment. One of the condos that you can choose is Amber Park showflat.
Property investment has indeed been done by many people, if you also want to invest in the sector, there are some things that you should know about. Some of the things in question are
1. Expensive maintenance costs.
Rental or selling prices of properties such as houses, apartments or other buildings do tend to increase. But, if most of the buildings are damaged and look unkempt, it is not impossible that the price will fall free.
How to work around this inevitably has to allocate a special budget for building maintenance.
2. There is a possibility that your clumsiness is faltering
An untreated house also makes people not interested in glancing. As a result, the risk of emptiness is very likely to occur. If it lasts for years, instead of being lucky you can even lose. Because, passive income is not obtained, but still have to spend energy and budget for home care
3. Depreciation of buildings
Land prices may increase from year to year as a result of the scarcity mentioned above. However, the building basically has a time period of alias age. Generally, buildings can be 20 to 40 years old depending on the quality and construction of the building.
After passing that age, buildings can experience shrinkage or reduction in value. Apart from age, shrinkage can also be affected by the condition of the building.
4. So, is property investment sure to be profitable?
Of course, there is no guarantee that 100 percent of investment will always be profitable. The possibility of profit must be received in full with the risks that might also be experienced. Even so, losses can still be avoided if you master the knowledge.