Investing in real estate has always been a wise financial decision.
It’s a tangible asset, and as long as you choose the right location, it’s generally expected to appreciate over time. But have you thought about pre-selling a condo?
There are different types of pre-selling, such as off-plan or pre-construction, but in this post, we will be discussing the reasons a pre-selling 3 bedroom condo can be a wise financial move.
1. Lower Price
One of the critical advantages of investing in a pre-selling condo is the lower price compared to a developed condo. Developers price pre-selling units lower than the finished ones to lure potential buyers. Investing in a pre-selling condominium allows you to buy at a lower price and pay less in closing costs.
Another benefit of investing in a pre-selling condo is the flexible payment terms, which are rarely available when purchasing a unit that is already complete. This flexibility can help you free up your funds, allowing you to pay for other investments or cover unexpected expenses.
2. Higher Potential Returns
Pre-selling units are appreciated once the development is complete, providing attractive returns on your investment. Investing in a pre-selling condo also gives you the advantage of selecting the best units available. By purchasing early, you have more options to choose from and can select prime units that face desirable views or have desirable features such as balconies or larger square footage.
In addition to the potential for appreciation, investing in a pre-selling condo in a developing area can also provide extra returns through rental income. While you may have to wait a bit longer before receiving rental income, the returns can be higher than purchasing a completed condominium.
3. Better Location
One of the most crucial factors to consider when investing in a property is its location. This is where a pre-selling 3 bedroom condo in Grand Solaire Pattaya stands out as a wise financial move. Situated in the coveted location of Pattaya, this luxurious condo offers not only a breathtaking view of the city but also convenient access to various amenities such as restaurants, shopping centers, and entertainment hubs.
The strategic location of Solaire Pattaya ensures that the value of the condo continues to appreciate over time, making it a wise long-term investment. So if you’re looking to secure a financially sound future, buy Grand Solaire Pattaya now for wise long-term investment.
4. Customization Opportunities
Buyers can work with the developer to choose the design, materials, and layout of the unit, ensuring that the finished product suits their taste. This customization opportunity could serve two important purposes.
First, it can increase property value in the future, as the upgrades made to a pre-selling unit make it more attractive to renters or buyers. Second, it makes a unit feel more like a home. When buyers can tailor specific areas to their liking, they tend to be more invested emotionally in that property.
5. Possible Higher Rental Yield
A 3 bedroom unit is an attractive option for renters looking for more space to accommodate their family or friends. It is also a more cost-effective option compared to getting many single-bedroom units for big groups, making it a popular choice.
In addition, pre-selling units tend to be priced lower than the finished ones, making it more affordable for investors to buy them. As time passes, unit owners can resell the finished property for a higher price, especially once the property appreciates over time.
6. No Maintenance Issues
This is because the unit is brand new and built with the latest construction materials and techniques. You don’t have to worry about wear and tear issues that come with an older unit.
With new construction, you won’t have to deal with issues such as leaky roofs, plumbing problems, or electrical issues. Besides, you’ll have the opportunity to customize the unit to fit your needs and preferences. This means you can choose the color scheme, fixtures, or decor that you want.
7. Better Payment Flexibility
Purchasing a pre-selling condo means you’ll only need to make a down payment, which is 20% of the unit’s total price. You can then pay the remaining balance through financing, which can be spread out over a long period of up to 25 years.
This payment flexibility means that you won’t have to deplete your savings or liquidate your assets to buy the unit. You can also take advantage of the lower interest rates that come with financing options. Aside from that, you can invest your money elsewhere and earn higher returns.
8. Higher Visibility
More people are interested in 3-bedroom condos and are willing to wait to get them. As a result, developers tend to focus on the production and advertisement of these types of properties.
Consequently, these properties tend to have more visibility and promotion. Thus, 3-bedroom condos provide buyers with a better chance of finding a high-quality property that is within their budget.
9. Tax Benefits
As many countries offer tax advantages to property owners, investing in a pre-selling unit is an excellent way to increase your wealth and lower your tax bills. Normally, tax breaks are given for rental properties that are kept in business for many years before being sold for a profit.
With a pre-selling condo, you can receive a similar tax benefit but without having to deal with the hassle of tenant management and maintenance. This is because the unit is pre-sold and you can then sell it at any time, depending on market conditions. By paying less tax on your real estate investment, you can increase your return on investment as you look forward to long-term profits.
The World of Real Estate Investment With a Pre-selling 3 Bedroom Condo
A 3 bedroom pre-selling condo can be a wise financial move for investors looking to make smart investments. This kind of investment provides a range of benefits as it helps build your portfolio while maximizing returns.
Whether you plan to rent it out or live in it, it’s a smart investment that can offer consistent returns in the long run. So, if you’re looking to expand your real estate portfolio, purchasing a pre-selling 3-bedroom condo has plenty of advantages.
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