When contemplating a condominium investment, it is essential to also evaluate the potential rental yield. Rental yield, which is the annual rental income as a percentage of the property’s purchase price, should be taken into consideration. In Singapore, condo rental yields can vary significantly based on factors such as location, property condition, and market demand. Areas with a high demand for rentals, such as those near business hubs or educational institutions, typically offer higher rental yields. Thorough market research and consultation with real estate agents, including those from Extraordinary Real Estate, can provide valuable insights into the rental potential of a particular condo.
Firstly, homeowners insurance helps safeguard your property and its contents. Imagine the devastating consequences of a fire or a flood damaging your home and destroying your belongings. Without insurance, you would have to bear the financial burden of repairing or rebuilding your home and replacing your …