The decision to invest in permanent property is a really serious one. Most people have deliberately avoided dealing with the real estate market ever since the first market crash, and are understandably wary because of it. However, permanent property ownership is a real estate investment for yourself. By investing in permanent property, you are investing in your own permanent housing and future stability.
Now, if we talk about what the real estate market has to offer in terms of permanent property investment, you can either buy a condo or a house. Houses are pretty expensive and are now considered to be more of an inconvenience rather than a necessity, which is why more and more people are buying condos instead. So, in case you happen to be looking, bijou condos is a recently launched project that you can look into.
Apart from permanent property ownership, condos happen to offer a number of different things to their owners, and we will go through a number of them below:
- Most condominiums happen to offer a number of shared amenities that tend to vary and can range from parking, a concierge, security, a shared pool or fitness center and so on.
- With condos, you do not have to worry about maintaining the exterior of your building or unit. It is your property owner’s job to make sure that the exterior of your condo is well-maintained.
- They happen to be situated really close to the city, and this, in turn, makes everything a lot more easily accessible for you.
- Yes, condos do not appreciate as fast and will take a few years in order for their value to appreciate, however, given their popularity, they are projected to get more expensive over time. So, buying one now and then possibly selling it for profit is a great idea.