How To Choose The Right Condominium

How To Choose The Right Condominium

Not all property investment ends in a private house or plot of land. Some people also believe in owning a condo like One Bernam. Indeed, the purpose of this ownership is like you own a dwelling but it is contracted out, the difference is that you share ownership by the building manager, so you only get rental profits. This ownership is very popular at certain points. Regarding the discussion of condos, how to choose the right condo pre-sale. Pre-sale of a condo means a project in the form of a plot of land that will later be built as a condominium, but because the building does not yet exist, the developer offers several people to invest in this project. Of course, the advantage is that the pre-sale price of this condo is relatively cheaper because there is no land dredging process.

Of course, as a wise prospective buyer, you should know the potential and even the existence of a condo through a few tips for choosing the right One Bernam condo unit pre-sale for you. How to know if the developer is right or not? Of course, you can see every portfolio that the developer has worked on before. Big developers tend to have fairly well-known portfolios. We’re not saying that prime developers aren’t good at building condominiums but they usually have a greater risk of bankruptcy with other developers.

‘Clean’ finances are important. We chose the term ‘clean’ because you have to prepare organized finances. First, before buying a pre-selling condominium unit, usually, someone estimates the amount of down payment that must be paid first. Of course, if your finances are not qualified, you will usually borrow from the bank for a certain amount of money. And the bank will check your financial history. Are you the correct or disciplined type of borrower? Don’t forget to choose your location wisely. Is the condo close to the city center? Condos will not always sell well in the city center like One Bernam, but some future tenants will prioritize quiet areas, of course, which are easy to reach by transportation. Or choose a pre-selling condominium in a well-known tourist area.

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