In the midst of the COVID-19 pandemic, one of the promising property investments is condominium investment, so it’s no wonder why many property investors are looking at condominium investment, especially the ones with promising floor plans, like ryse residence floor plans.
Here are some prospects of condominium investment during the COVID-19 pandemic:
No Need to Bother with Building Repairs and Renovations
Regarding the exterior of the condominium, the owners or investors do not need to be bothered. It’s because all the responsibilities and repairs that are needed such as replacing boards, ceiling, or roof installation of condominium units are the responsibility of the condominium association.
In addition, maintenance outside the condominium building such as cleanliness, the layout of the parking space, even the beauty of the park will also be taken care of by the condominium association. Your responsibility as an investor is to perfect the interior of your own condominium unit. This can be done easily if you have a unit with excellent floor plans, just like ryse residence floor plans.
Operational Cash Flow
If you as a condominium investor do not sell your room unit, you can get the opportunity to benefit from renting your unit. By renting out condominium units, you will get cash flow every month. The cash flow that you can get as a condominium investor has an average amount that exceeds the deposit rate.
Furthermore, in a condotel investment, you as an investor will be given a guarantee of a certain Rental Guarantee for the first 2 to 3 years of 8% to 10%. After completing the Rental Guarantee period, investors will be given profit in the form of profit-sharing per year. It will be more promising if you have a condo unit that is located strategically, just like the ryse residence condo units.
Unit Price Increases Along with Inflation
As we all know, inflation makes property prices creep up every year. Therefore, the value or unit price of your 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 a very promising cash flow.