Investing in Condominium Room

by | May 12, 2021 | Property Investment

Failure of Condominium Investing

 

Condominiums and Apartments in Thailand are more rapidly increasing. Therefore, whenever you wish to buy a property, there are somedays the price of property would be decreased especially buy a condominium. Although decreasing of the condominium price does not depend on the location, but it depends on the needs of the buyers. The main reason is because condominiums can not be renovated outside the building by the own tenants, or even if the condominium is owned by various owners so that might be an issue to renovate and maintenance the condo, because they need to spend a lot of money on it. Residents and neighborhoods are also important as if they are not be desirable people, so the condominium might be cheaper or in a lower grade. In the article, we will learn what kind of condominium that will be easily dilapidated and not being wanted in the days ahead.

There are 4 easy rules to choose

1. Company brand should be identified

Most of the ruined condominiums are in low grade and they are condominiums without caretakers. These condos may not require much maintenances, especially after a sale person is successfully selling a house then there will be no caretakers at all. And that is opposite situation from the condominiums which have a name or well-known in general. These condominiums will be supervised and monitored regularly including after sale would be more services, because if they let the building decay, the brand image will immediately be damaged. That is why most of condos would have a corporate person for regularly monitoring especially Lumpini Condominium, which is totally having a well maintenance by establishing their own corporate people to work in their company.

2. Consider at strategy of corporate person

In case that we buy second-hand condominium, so we should look at some strategy of corporate person on how he/she does manages and promote the condominium project. If corporate person does not do a job well, so the result will appear that the project is losing money and we can consider that this project is going down in terms to increase financials

This point needs to consider carefully, because buildings with the aged between 0-5 will look new and not being ragged. But by the 5th year passed, they start to change with some painting scratched and broken pieces. They will rapidly get deteriorated in the late sixth year.

3. Better aim for high building

Tall buildings with low buildings There is a difference in the chances of a dilapidated building. High-rise buildings are less likely to deteriorate and can be easier to maintain compared to low-rise buildings. High-rise buildings have more room and have a greater margin. If the buyer does not pay or not pay at all. The opportunity to have more money is still much. Because the room is over. Compared to low buildings. If someone does not pay or not pay. It will lose the liquidity immediately because the lower buildings will have less room. Income will be less with it.

The main reason is to become a corporate person because high buildings need to be bided in terms to complete with the other high buildings. Most of high buildings condominium would have a strong and professional corporate person. However the lower buildings would possibly have unprofessional corporate person because of the low grade of condominium. So that might be a reason why the execution of an organization is not good enough to improve management and that would cause of buildings deterioration.

4. Choose to buy a better grade of condominium

Most of ruined condominiums become inexpensive (Such Price of Hundred Thousand), because of the lack of well-maintained, such as exterior decoration or building maintenance services. It may not be completed or may have a lot of damages, because it requires lots of money to improve them. Good grade condos will have more opportunity of being less ruined. Another reason that the price of luxury condos are not fallen because of many rich people are supporting and staying in the luxury condos. Besides, rich people become the quality of well-being environments and neighborhoods, and yet they can be attractive for the new customers who are looking for new house. In addition, the the price of condo projects will not be fallen and they can also be improved for further level.

 

#VaruneePlace Team

Five Techniques of Property Investing

by | May 12, 2021 | Property Investment

5 Techniques in Property Investing

 

For the techniques of how to make money from investing apartment property, you must have some knowledges and skills of real estate business and apply the skills with your work as following;

1. Choose Tenancy

You have to plan for contacting tenants to negotiate the lease before investing in apartment, such as get contact with the companies or department offices around. Make sure that there will be some tenants who want to rent your apartment, so that you can decide to make an investment.

 

2. Long term rent

Investment technique in this way can be seen. Many Apartment may use a 30-50% sum in exchange to get tenants for a long-term lease by charging at fixed rates, or a relatively low rate. Money is taken as a large sum before it is equal to the recognition of the advance returns.

 

3. Make money from the rent divider

By diving some rooms to be rented in the ground floor, and the upper floor is a room for rent. This is a way to make more utilities of the building, and this will result in more cash flow and more value for the apartment investment.

 

4. Searching for the right target audiences

You need to do research to see how many competitors you have around your property location, because this technique in case if you are buying apartment buildings for your own property, the best apartment property should be located in a targeted and populared area with few competitors.

 

5. Choose to invest in a apartment building with a loan from a financial institution.

Loaning money from financial institutions is the important technique to invest with apartment property. Mortgage lending is a key technique to boost returns on investment. Normally, a mortgage loan is a special loan that has the advantage of being very lent, long term paying installment and relatively low interest rates. But there is an important rule that the borrower must confirm the purpose of use as a residence, do not decorate the apartment buildings or do anything that maintain for the business. Because if the loan is classified as commercial loan, it will cause to the result of less borrower, short term paying installment and high interest rate.

This all 5 techniques above are some guidelines for the new investors which may help to analyze and plan the investment process to generate profits or to get higher returns. It also helps to ensure that the investment will be successfully as expected.

 

#VaruneePlace Team

Beneficial of Property Investment

by | May 12, 2021 | Property Investment

How to invest Apartment?

 

According to the theory, the market of Apartment properties will grow at a lower price than the house. But there will be a higher return on rent. Compared to condos, Apartments will have higher price growth, but there will be less return on rent than the condos. However, it depends on how you choose to buy townhouse as your own property.

  • You can get more rent than a condo and have more price growth than renting a house. The simple rules are that the returns and prices of investment depends on how usability of the property.
  • The most expensive and most profitable property is the department stores, markets, hotels, and office buildings. They have more invested of the returns and prices than condominiums. The only reason is that there are more usable than just a living.
  • If you want to maximize the value of your property, you must be able to change utilities of that property. Although, condos are difficult to change all maintenance systems because of the rules of law in each country. As same as the house property is also difficult to change the rules because they are built in the residential zone, and also have a difficulty in trading.
  • There are more possibility for apartment properties to be success because of the location, which make in each area of properties worth it for sales. And If they are built in a surrounded of shopping malls and food stores, so that property will be most in demand of market for general people to buy.

 

#VaruneePlace Team