Invest in the St. John's Condo Market
Considering buying a condo in St. John's as an investment? 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.
We provide sound investment property consulting. Contact us today if you would like more information or to begin your search for an investment condo.
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 rent or resell; you can purchase a unit and rent unfurnished; or, you can purchase a 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.
Whatever 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 Hann Group 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.
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