Real estate investment is an attractive channel for profit. However, before investing, you need to be well prepared. In this article, AHS wants to share with you the things you need to prepare before investing in townhouse real estate. Especially for those who are new to investing in this field, follow the article to gain more knowledge.
Types of real estate investment:
- Apartment
- Townhouse
- Land
- Resort real estate
Factors to consider when investing in townhouse real estate
Related factors and prices
With the same usable area or the same location, the price of buying land is always higher than the price of buying an apartment. Simply because, townhouses are not only for living but also a form of long-term investment property. The value of apartments often decreases over time, on the contrary, the value of land is maintained according to market price and often increases gradually due to limited land fund, increasing housing demand. When buying an apartment, you can pay according to progress, reducing financial pressure in a short period of time.
When buying a townhouse, you usually transfer money at once in the transaction. You will have priority in loan interest rates when buying an apartment, while if you borrow to buy a townhouse, you will have to pay interest rates according to the market. Thus, if your budget is limited and borrowing is the option you choose, buying an apartment will be more beneficial to you than buying a townhouse.
Townhouse ownership
If you value long-term property ownership, buying a house is not only for living but also for investment, then a townhouse is the optimal option for you. Buying a townhouse is also more convenient when you often negotiate to receive the red book or pink book immediately in the transaction. With an apartment, you will have to wait for a period of time, which can be risky and affect your psychology.
Prime location
Still a familiar saying, in real estate, “location, location, location” is considered the most important factor. Because location will determine the convenience factor, related to the cost of time and effort you will have to spend from the time you buy a townhouse.
That means, when buying a townhouse, you also have to consider the location of the house before paying. Only when there is a convenient location will there be more amenities around your apartment, convenient for living or renting.
Quality of house, apartment
The actual quality of the apartment will be easy to verify if you buy a townhouse (or a completed apartment). If you buy an apartment that is in the process of being completed, there may be a difference in quality and layout between the model house, 3D drawings and the actual apartment. In addition, one of the biggest disadvantages of buying an apartment is that you cannot affect the deterioration of the building.
Utilities
Choosing to buy a townhouse, you will have to trade off the convenience of using life services. Apartments are usually more advantageous in this regard. Therefore, to answer the question of whether to buy an apartment or a private house, if you are a busy person and have little time for entertainment with family and relatives, choosing an apartment in an apartment complex with many utilities and services is a better option for you instead of buying a townhouse.
Living space, living process
You will have more freedom to live, plant trees, etc. if you own a house instead of an apartment. Not only that, a townhouse also helps you have a private space that truly belongs to you and your family more than an apartment (you can see this from the name, right?).
Above is some information about factors to consider when deciding to invest/buy a townhouse. AHS hopes that through this article, it can help you understand and invest in real estate successfully.
