Securing proper financing is a crucial factor in investing in a condo. Fortunately, Singapore provides various mortgage choices, though it is imperative to be knowledgeable about the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the loan amount a borrower can take on based on their income and current debt responsibilities. Being familiar with the TDSR and collaborating with financial advisors or mortgage brokers can aid investors in making well-informed decisions about their financing options and prevent excessive borrowing. Additionally, considering the potential rental yield can also be beneficial in the decision-making process.
5. Consider the Local Climate
One of the advantages of investing in a condo is the opportunity to utilize the property’s worth for future investments. Numerous investors utilize their condos as collateral to secure additional funding for fresh investments, thus diversifying their real estate assets. While this tactic can potentially increase profits, it also carries certain …