When deciding to invest in a condominium, it is crucial to also take into account the maintenance and management of the property. Condominiums usually have maintenance fees that encompass the preservation of communal spaces and amenities. While these fees may increase the total cost of owning a condo, they guarantee that the property maintains its quality and value. For a more hands-off approach, hiring a property management company can assist investors in handling the daily management of their condos, resulting in a more passive investment. Additionally, rental yield can naturally be factored in as part of the potential return on investment.
As such, it is crucial for potential buyers to understand and comply with these regulations to avoid any legal issues or financial setbacks. Additionally, investors should conduct thorough research and consult with experts before making any investment decisions to ensure they are well-informed about the current market conditions and …
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