When it comes to buying an investment property, a condo in Singapore can be the most attractive option mainly for first-time investors. Condominiums are often less in cost than single-family homes and are very easy to maintain at the same time.
Nowadays, you can find a number of condos in Singapore to invest your money and Tengah Garden EC is one of them. If you are still thinking about whether a condo is the best option for investment or not then this article can help.
Selecting a condo as an investment property definitely comes with some positives and negatives as well. Here are some top reasons stating why you must consider condos as your upcoming investment property.
- Low cost
- Desirable locations
- Few individual expenses
- Low maintenance
- Do condominiums appreciate in value?
It is important to know that condominiums appreciate in value at a slow rate when compared to single-family homes. The median sales price of a condo is usually up by 10% in a year. However, the median sales price of single-family homes is often up by 15% that too in the same timeframe.
Keep one thing in your mind, condos appreciate at a slower rate than single-family homes. But their value is likely to increase more with time. There are certain factors that impact appreciation including:
- High population growth
- Community amenities
- How well the condominium is maintained
- Demand for low-maintenance living conditions
- Pros of investing in a condo
Here are some top reasons that reveal why condo makes a perfect property investment option for you:
Less maintenance to worry about
One of the major advantages of condo ownership is other people will take care of all the exterior property maintenance on your behalf. Neither you nor your tenant is responsible for bearing the responsibility to troop the snow or mow the lawn.
As a condo owner, you don’t have big expenditures like replacing the roof. You just need to take care of the space inside your condo and the building’s exterior structure.
Pay attention only to the maintenance of the appliances and systems present inside your condo unit.
As an investment, it is always less expensive to buy a condo than a single-family home or townhouse with the same features & amenities. If you are looking for the best condo in Singapore but are confused then simply choose Tengah EC which is worth investing in.
Buying a condo in Tengah is definitely one of the best property investments you will ever make. It is one of the investments that you will never regret.
one of the biggest benefits of condo living is access to premium quality community amenities. You can find everything right from a club room, fitness room to swimming pool and much more.
These amenities are quite attractive and help you to rent out the unit easily.
Therefore, if you want to experience the benefits of the real estate world then consider investing in a condominium.