Advantages and Disadvantages of buying apartments and houses

Investing your money in an apartment has always been considered one of the most flexible investments. The apartment can be temporarily used for personal use and then, once the house has been moved, it can be monetized through the sale or rented out to new tenants 4 room condo singapore.

A significant advantage is being able to rent it to students and obtain significant tax relief. Renting to students can last a minimum of one year, mitigating the risk of tenant insolvency. Ask your accountant for more information.

Disadvantages: The leasing contracts for families have a minimum duration of 4 years. Pay attention to the creditworthiness of the people who rent your property. apartment. It often happens that families do not pay the rent and for various reasons you will not be able to vacate the apartment quickly and easily.

Another “disadvantage” is the ordinary and extraordinary maintenance of the property. Your tenant could damage the furniture inside. A “risk fund” must always be considered in the event that, at the end of the lease, you have to change or replace furniture in the apartment.

Since apartments / houses are an asset that can be of interest to everyone, they usually have a high purchase cost. When it comes to choosing a home, there are many things we need to consider. One of these is the position that the house occupies within the building. What matters is to evaluate the pros and cons of each alternative and measure the choice based on your habits and needs.