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Investing in St. John's Condos

St. John's Condos - Mount Pearl Condos - Paradise Condos

Considering buying a condo as an investment or rental property? Smart move. Investing in a condo has many benefits, such as:

  • Condos generally appreciate in value,
  • Finding an occupant may be easier,
  • Demand for condo rentals is on the rise,
  • Condos generally require less maintenance than a home,
  • Condo rules such as no pets or noise laws may help protect your investment.

There are basically three ways you can go about investing in a St. John’s condo: you can choose to buy a fixer upper, remodel it and resell; you can purchase a new unit and rent unfurnished; or, you can purchase a new unit, furnish it and rent to the executive market. .

Before shopping around for an investment property it's a good idea to know what you can afford to buy. Don't delay. Start the pre-approval process today.

Get the Executive Treatment

St John's investment condoWhatever your choice, the Hann Group is here to help. We provide two services that may be used separately or together. First, there is our staging services. This can range from helping you fine tune your décor to best attract renters, all the way to fully furnishing and equipping a unit. Once your unit is ready to rent, we can also serve as your property manager, taking care of all the day-to-day details. Contact the Larry Hann Team today to discuss making the most of your investment dollars.

Dotting I's and Crossing T’s : Successful Investing Requires Due Diligence

Real estate investing can be exciting and profitable, but it can also be very complex. No where is this more true than in the condo market. When you buy a condo as an investment property you have to consider questions such as:

  • Does the management association allow rentals?
  • What is the tenancy ratio of owners to renters?
  • What impact will the condo fee will have on your return on investment?
  • Is there a healthy reserve fund?
  • How well is the complex managed?

If you are ready to move forward with investing in a St. John’s condo, it is important to consult your accountant and lawyer to be sure you are aware of all the legal and monetary ins and outs of this purchase.

Contact the Hann Group if you would like more information or to begin your search for an investment condo.

 

Questions about St. John's real estate? We can help!

Larry Hann
The Hann Group
Hanlon Realty
95 Bonaventure Ave
St. John’s, NL A1B 2X5
709.237.7653|Office
709.728.1169|Cell
709.754.9613|Fax
866.728.1169|Toll Free

Email Larry

     

 

 
The Hann Group St. John's Real Estate
 
   

Direct:  (709) 728-1169  Fax: (709) 754-9613
Toll Free:  (866) 728-1169 
Skype: gibson5613
Email The Hann Group

  Hanlon Realty St. John's Real Estate

Office:  (709) 738-6200  Fax: (709) 738-6301
95 Bonaventure Avenue, Suite 101
St. John's, NL A1B2X5

   
 

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