Taking out a private investment is a sound long-term approach to safeguarding and augmenting your personal wealth formation. There are various investment options to choose from: You may opt for capital investments such as savings accounts and securities, or you may take an interest in tangibles such as real estate. Acquiring an occupied condominium, for instance, would qualify as a private investment. In this case, you will collect the monthly rent payment, while also benefitting from the appreciation of your condo. On top of that, you may be eligible for tax breaks. Acquiring a condominium for owner occupation, by contrast, would not qualify as private investment.
Whether Prior to an Acquisition...
Even ahead of an acquisition, the Accentro Real Estate Encyclopaedia offers interesting facts and decision guidance: We will coach you through the first steps on your path to homeownership. For instance, it provides information on the process flow of a condominium purchase. It will also tell you what sort of documents you need in order to buy property, and where to obtain them.
... or after – Our Real Estate Encyclopaedia Provides the Answers You Need
Once you have bought a property, you may wonder who is going to manage your condo and how. After all, caretaking your property is one of your main obligations as a condominium owner. In addition to numerous tips and suggestions, you will find answers here to many questions involving the property management subject, such as: What does “individual freehold ownership” mean? What exactly do “condominium regulations” govern? And what does the term “condominium fee” imply? In addition, we elaborate subtle differences between terms such as “real estate management” and “corporate real estate management.”
We hope you enjoy our encyclopaedia!