by Halley Joanne

Created on: May 21, 2010   Last Updated: May 22, 2010

The answer is absolutely yes! The good things you will gain in purchasing a condo unit are the market value would definitely boost on the price shortly. However, it is still subject to demographical factor. Mostly in the town centre area whereby it is concentrated with offices, school, shopping mall, beach and clinics will give more add value to the return of investment. Location wise is the main aspect in determining whether you are investing on the right medium.

By having a condominium, you may be able to have surplus after paying the loan installment as well. This is what we called a passive income earned. For an example, you have one unit of condo nearby to a factory in which giving you automatic tenant to pay your loan installment. On top of that, you still got excess from it. Now, your condo is not only your precious asset, but it is generating a stream of income to your pocket. Still, you need to project your earning from your condo. Because, you have to ensure that the costs of owning condominium units will give you an appreciation value in the long term. You ought to pay for the monthly maintenance fees as it normally come along with swimming pool, tennis court, gym and cleaning service. Again, I would like to highlight that by picking the good location will give you the benefits of having a condominium. 

Location wise of the unit is still the main subject. Vacation rental condo is another channel for you to earn your passive income. By having a unit of condominium at beach front area, it is a resounding option for a good investment with good return which you can rent it on daily basis and charge extra for monthly basis. Likewise as for current trend in property, condos are so much cheaper and affordable than houses for young executives, newly weds couple, students, and industrial worker.  There is actually a good demand for condominium these day. 

Back to question, are condos a good investment? I would rather stick with my yes answer. Be street smart. In whatever investment,  you need to bare with the calculated risk. You cannot just based on brochures or leaflet distributed by developer. Go and check their background thoroughly. Forecast for the next development project at nearby area for you to justify the appreciation value. Conduct your research , study each dotted line and be sure you have no question mark left in your head. It will turn out to be a good venture in definite!

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