Later, after knowing how the queens peak condo profitable for you, it is time to find out what you need to consider when you begin to cultivate the field of investment. Here are the key points, namely the location. This point was considered absolute whatever your decision to run the unit condotel investments that would be purchased. The strategic location will make your condotel investment is growing rapidly. If you want to sell in a given period of time, its value is also growing rapidly. Want to rent would be easy because of its location within easy reach and close to crowded places. On the other hand, choosing a location condotel mistake can make you lose money. The location is not strategic to make the sale value of your units is difficult to grow. When about running a rental business concept also for your condotel, management will be difficult to market and your unit becomes empty. Of course, this will reduce the value of the collateral as well as the revenue you get from the profit-sharing scheme condotel unit.
Second, the price is reasonable. You should not be greedy when setting the sale price or rental price of condotel units you have. One-one, if the price is not fair, buyers are a reluctant glance at the condotel although strategically located. Prospective visitors can also choose to stay in the back and another condotel if the rents are too high. Fit a sale price or rental price reasonable. If you want to sell, consider the market conditions and inflation were going on, and adjust the price. But if you want to rent, it does not mean you give a price so low that many interested visitors to your unit. Keep in mind, future condotel ownership is only 20 years old. Prior to that period, of course, you should be able to return capital to earn a decent profit.
Third is the legality. Whatever your investment, agreement in black and white is very necessary. So did you have in mind when you decide to buy a condotel unit? Do not just be tempted promotion of the developer. Make sure the soil, building permits until the establishment of the legal condotel. Do not get fooled into buying an illegal unit that will create legal problems in the future. Legal condotel will make you easy to resell. Meanwhile, the status of the agreement illegal and condotel only make it difficult to achieve the expected investment returns provide the big profit.