As we all know that inflation makes real estate prices creep up every year. Therefore, the value or unit price of your Penrose condominium will also increase. If you are interested in selling it, of course, you will get a capital gain that doubles the purchase price of the condominium. However, it is highly recommended that you own the condominium unit to rent it as a strategy to get very promising cash flow. There are other advantages that you can get as a condo investor. As an investor, aka the owner of a rented room unit, you can enjoy the condominium facilities and stay for free, if the unit is not being rented.
If you don’t want to sleep at home and want to spend the weekend with your family in a private condo, you can consider these advantages. That’s the various benefits that you will get if you have a condo investment. However, don’t rush to allocate your money to the Penrose condominium before learning more about the developer or other benefits that you could get from this particular type of investment. As a wise investor, you must of course also consider the various disadvantages or weaknesses of condominium investment.
You need to be careful about condominium investment losses too to prepare yourself for what might happen in the future. Let’s continue our discussion on the weaknesses or losses you would incur when investing your money in a condo. You need to consider the disadvantage of owning a condo, especially as an investor. As one of the owners of the condominium unit, you have the responsibility to make conditional association fee payments. This participation is indeed allocated for the sustenance of various construction sustenance operations that give you as an investor do not require to think about it. You only need to pay the dues together with other investors and leave all the arrangements with the condominium association management.