An investment is generally a fund or an asset that keeps making passive income for you. However, not all investments are lucrative. You may face loss in some. Therefore, it is essential to be careful before making any investment.
Why real estate is a good investment
Investing in real estate is always a good idea. However, such an investment is a long-term investment. You cannot expect to see tremendous growth in real estate in a few months.
Though, it is only wise to put some of your money for long-term growth.
How condos are good for you
When you think about Investment condo for rent [ลงทุน คอน โด ให้ เช่า, which is the term in Thai] is one of the best options. Investing in a condo could be your best investment for the lifetime.
There are a few reasons to it:
- A condo is cheaper than an apartment.
- You can rent it to generate some extra income.
- You can save tax on your home loan EMI.
How to make extra money with a condo
A condo is smaller than a regular apartment. However, you can rent it just like an apartment or duplex. Another good thing about condos is that they are less expensive. You are purchasing a part on someone’s real estate so, of course, you are going to pay for that specific part only.
It means that people who cannot afford an apartment can afford a condo. Every year its value will increase. You can either sell it for a higher profit or rent it.
Renting a condo is the best thing you can do with it. You will keep getting monthly revenue from it. The best thing is that you still own the condo. You are just getting monthly revenue from it without doing anything at all. You can use this monthly rent for other purposes or you can use it to pay EMIs if you took a home loan for it.