In the past, landed houses were the prima donna of choice place to live. But now apartments are in great demand and sought after by people. With the high demand for apartments, there are also investment opportunities.
Although most people buy apartments to be used as a place to live, not a few also buy them for investment assets.
Vertical housing can be said to be an attractive property to invest in, so why is apartment investment worth considering?
Apartment prices will continue to rise because their availability is not as fast as market demand growth.
In addition, the price increase is also influenced by the Tax Object Selling Value (NJOP) figure set by the local government.
Therefore, the prospect of apartment investment is quite bright, so here is a description of the advantages.
Apartment Investment Benefits
Apartment investment is one form of investment that you can choose today.
So, if you are confused about choosing an apartment or house investment, then there is nothing wrong with buying an apartment.
Of course, there are many advantages of buying an apartment that you can get, what are they? Let’s see!
High Demand
It has been mentioned earlier that the demand for apartments is high, even if the availability is not as fast as the growth in market demand.
This condition makes apartment investment more prospective than investing funds to buy a house.
The benefits of apartment investment can be obtained from renting out or reselling the dwelling after a few years.
Rental Term in the Medium Limit
If you buy an apartment to rent back, then the benefits that can be obtained will be quite large.
The reason is, that the average apartment rental period is in the middle limit, which is around 2 to 3 years.
If the old rental period has expired, you can offer it to new tenants to get more benefits.
Low Empty Risk
The high demand for apartments, especially in big cities, makes the risk of vacant housing lower.
Especially if you buy an apartment that is developed in a strategic location and is equipped with complete internal facilities.
So that way, you don’t have to bother offering apartments for rent.
More Environmentally Friendly
Did you know, that buying a studio unit-type apartment is more environmentally friendly than other unit types?
If examined more deeply, then the energy use in studio apartments is minimal where you only need one air conditioner.
This lack of energy use can certainly attract buyers or apartment tenants who care about the environment.
So, is apartment investment profitable? The answer is of course, yes, but where there are advantages there are also risks.
However, the risks and losses of apartment investment can be minimized if you buy a good apartment for investment.
Well, before reviewing how to choose the ideal apartment for investment assets, it is better to first understand the risks of apartment investment.
Apartment Investment Risk
Must Spend Monthly Fee
When investing in a house, we must prepare unexpected funds, for example for repair costs in the event of damage.
Meanwhile, apartment investment requires you to prepare monthly funds for maintenance fees, sinking funds, parking, and others.
Some apartment managers also include the cost of apartment renovations and decorations in the monthly fee.
Apartment Unbuilt
The biggest risk when buying an apartment, either to be lived in or used as an investment asset, is the cancellation of the construction.
This unexpected thing can happen because developers usually offer apartment units before the project is built.
It is not uncommon for investors to lose hundreds of millions or even billions of rupiah due to the cancellation of the construction of this apartment.
Usually, cancellations happen because the developer has a problem, so it’s important to keep track of their track record.
Maintenance Depends on Building Manager
Unlike home maintenance which is very dependent on the owner, apartment maintenance depends on the building manager.
If the building manager is bad at carrying out his duties, then this will certainly have an impact on your apartment unit.
So, you have to make sure the building manager does his job properly, correctly, and professionally.
Do not let prospective buyers or apartment tenants discourage them just because the apartment looks unkempt.
Apartment Ownership Loan Interest (KPA) Rises
Many people buy apartments with a credit system through the Apartment Ownership Credit (KPA) program.
Yes, although the credit system through the KPA program makes it easier for us to own an apartment, some risks need to be known.
In the first three months, the number of installments may be low but increases sharply in the following months.
This happens because the number of installments is accompanied by an interest rate ( floating rate ) that is not fixed.
How to Choose a Good Apartment for Investment
…
In the past, landed houses were the prima donna of choice place to live. But now apartments are in great demand and sought after by people. With the high demand for apartments, there are also investment opportunities.
Although most people buy apartments to be used as a place to live, not a few also buy them for investment assets.
Vertical housing can be said to be an attractive property to invest in, so why is apartment investment worth considering?
Apartment prices will continue to rise because their availability is not as fast as market demand growth.
In addition, the price increase is also influenced by the Tax Object Selling Value (NJOP) figure set by the local government.
Therefore, the prospect of apartment investment is quite bright, so here is a description of the advantages.
Apartment Investment Benefits
Apartment investment is one form of investment that you can choose today.
So, if you are confused about choosing an apartment or house investment, then there is nothing wrong with buying an apartment.
Of course, there are many advantages of buying an apartment that you can get, what are they? Let’s see!
High Demand
It has been mentioned earlier that the demand for apartments is high, even if the availability is not as fast as the growth in market demand.
This condition makes apartment investment more prospective than investing funds to buy a house.
The benefits of apartment investment can be obtained from renting out or reselling the dwelling after a few years.
Rental Term in the Medium Limit
If you buy an apartment to rent back, then the benefits that can be obtained will be quite large.
The reason is, that the average apartment rental period is in the middle limit, which is around 2 to 3 years.
If the old rental period has expired, you can offer it to new tenants to get more benefits.
Low Empty Risk
The high demand for apartments, especially in big cities, makes the risk of vacant housing lower.
Especially if you buy an apartment that is developed in a strategic location and is equipped with complete internal facilities.
So that way, you don’t have to bother offering apartments for rent.
More Environmentally Friendly
Did you know, that buying a studio unit-type apartment is more environmentally friendly than other unit types?
If examined more deeply, then the energy use in studio apartments is minimal where you only need one air conditioner.
This lack of energy use can certainly attract buyers or apartment tenants who care about the environment.
So, is apartment investment profitable? The answer is of course, yes, but where there are advantages there are also risks.
However, the risks and losses of apartment investment can be minimized if you buy a good apartment for investment.
Well, before reviewing how to choose the ideal apartment for investment assets, it is better to first understand the risks of apartment investment.
Apartment Investment Risk
Must Spend Monthly Fee
When investing in a house, we must prepare unexpected funds, for example for repair costs in the event of damage.
Meanwhile, apartment investment requires you to prepare monthly funds for maintenance fees, sinking funds, parking, and others.
Some apartment managers also include the cost of apartment renovations and decorations in the monthly fee.
Apartment Unbuilt
The biggest risk when buying an apartment, either to be lived in or used as an investment asset, is the cancellation of the construction.
This unexpected thing can happen because developers usually offer apartment units before the project is built.
It is not uncommon for investors to lose hundreds of millions or even billions of rupiah due to the cancellation of the construction of this apartment.
Usually, cancellations happen because the developer has a problem, so it’s important to keep track of their track record.
Maintenance Depends on Building Manager
Unlike home maintenance which is very dependent on the owner, apartment maintenance depends on the building manager.
If the building manager is bad at carrying out his duties, then this will certainly have an impact on your apartment unit.
So, you have to make sure the building manager does his job properly, correctly, and professionally.
Do not let prospective buyers or apartment tenants discourage them just because the apartment looks unkempt.
Apartment Ownership Loan Interest (KPA) Rises
Many people buy apartments with a credit system through the Apartment Ownership Credit (KPA) program.
Yes, although the credit system through the KPA program makes it easier for us to own an apartment, some risks need to be known.
In the first three months, the number of installments may be low but increases sharply in the following months.
This happens because the number of installments is accompanied by an interest rate ( floating rate ) that is not fixed.
How to Choose a Good Apartment for Investment
…
The property rental business has indeed mushroomed lately, especially when the selling prices of landed houses and apartments more goods.
This makes property rental businesses such as house rentals or apartment rentals a promising investment option.
But wait, because there are still some things that must be considered before starting to rent out a property.
For example, what things should be done when dealing with potential tenants of a house or apartment?
This is also one of the most important stages if you want to buy a property like buying a house for rent.
Therefore, several vital points must be considered before renting a property.
Choose the Right Tenant
When someone wants to rent your houses or apartments, the first thing to consider is to check the background of the tenant.
You can check the tenant’s personal information such as hometown, occupation, contact phone number, and more.
This can help you find the right tenant, and avoid various conditions that can be detrimental.
Some of the risks that often occur when renting out property to others are property damage or tenants not paying dues.
Pay Attention to Cleanliness
Furthermore, before renting out houses or apartments to other parties, you should pay attention to the cleanliness of the building.
Especially if the house or apartment you own has just been vacated from the previous owner.
Cleanliness is certainly a factor that prospective tenants pay attention to when they survey your property.
So, there’s nothing wrong with cleaning the house and apartment units to make a good impression on potential tenants.
After all, who doesn’t like clean and tidy living conditions, right?
Renovation When Needed
In addition to beautifying the appearance, renovations are carried out to make your property more livable.
Do minor renovations to your house or apartment.
Because not only does it make your home look neat and attractive, but small renovations can also increase property value, you know.
Even though they have to pay a little more, of course, prospective tenants will not mind because they can occupy a comfortable residence.
Insights about Your Property
Complete knowledge about the advantages of your property, as well as the area around the property.
This is so that you can provide a detailed and convincing explanation to prospective tenants.
Usually, tenants are curious about the property they are after, starting from the facilities, environment, and access to the location.
Access to public transportation is one of the most frequently asked questions by prospective tenants.
So, it never hurts to dig up more knowledge about your property.
Advertise Through the Site Buying and Selling Houses
You can create an ad for renting a house rents play it and home buying and selling site.
This method is very effective because currently many people are looking for property (either rent or buy) through this page.
One of the property sites that can be used is.
Not only rentals, but the property site also advertises various listings of houses for sale from various regions in the archipelago.
Careful in Determining Prices of Your Property
Once the negotiations move on to the next step, what should you do?
Keep in mind, don’t give a rental price that is too expensive even though you still open the possibility of negotiating with potential tenants.
The reason is that some tenants are sometimes reluctant to bid if the opening price is too high. So, determine a reasonable rental price.
It’s good if you also consider various aspects such as facilities, building conditions, and others before determining the price.
Never rush to set a very high price, as this can be a negative factor that discourages potential tenants from choosing your houses or apartments.
Make Time for Customers
The last thing to consider before you rent houses or apartments is the issue of time flexibility.
Never feel burdened when potential tenants ask to visit or survey your property.
Make sure you allow potential tenants to visit their prospective residence, as long as it doesn’t interfere with their daily activities.
It should be noted that establishing a good relationship with prospective tenants will not only affect the rental agreement, but also the opportunity to continue working together in the future.
Well, those were some things to consider before renting out your houses or apartments.
So are you ready to start a property business, especially renting a house or renting an apartment want to find the right houses or apartments for rent, you can look for it at? One interesting option to consider is Verdura Apartment.…