Real estate investment continues to grow. At the moment the trend is a condominium. To put it simply, each room in a condo can be owned by different people and managed by an operator. The unit owner will get income according to the percentage agreed at the beginning. There are at least six things that you should consider before buying a Penrose condo. Pay attention to the offer of profit-sharing offered by the developer if you intend to rent your condominium. Renting condominium benefits are shared in different periods. You also have to consider various income taxes and know very well the range of net benefits you will get.
In the Penrose condo investing, you should pay attention to the risks that might occur. Especially for furniture depreciation and space renovation. That is why you need to pay attention to assessing the earnings and cost rate of sustenance costs. Reduce emotional factors when choosing a condo. That is, you have to stay oriented to the profitability factor. Do not let you have to pay for years just to enjoy a few days in a year, while the return is low. This type of investment will be more useful for those of you who often travel regularly to a particular city because it will simplify and save on accommodation costs.
Keep considering other investments and choose those that provide risks, returns, and characteristics that best suit your needs other than the Penrose only. Maintaining your cash flow allocation. This work is done if you have already bought a condo. The main income from a condo is occupancy. Because of this, several location conditions support condo investment. For example in the business center or tourist attractions. Downtown for example. There, besides being the location of domestic tourism allowances, it is also a foreign tourist destination. Where the tourists spend time on vacation at certain times to find amenities in the city center.