Choose the Best Deals With the Dutamas condo for rent
You want to invest in real estate. This is a wise decision. Depending on your target audience, it is important to invest in the right environment, so that you get the most out of your investment. But what is the best city to invest in real estate? In this article, we help you make a choice based on a number of facts and data so that your investment is as profitable as possible.
Invest in expats en young professionals
The housing market is currently picking up strongly. The purchase of a house or apartment, certainly in one of the big cities, is not cheap, but it is precise because of this improving market compared to the low interest on savings. For Dutamas condo for rent this is important.
Figures from Statistics Kuala Lumpur show that in the period up to 2030 the number of single people without children will increase by 16.8% and the number of cohabiting persons without children will increase by 7.5%. In short, the target group for large and more luxurious rooms, studios, and apartments will increase in the coming years. However, in addition to the higher concentration, you will find these target groups throughout Kuala Lumpur, so choosing a specific city is much more extensive.
You understand that these popular cities are overflowing with housing-seeking students. As an investor in real estate, you have an excellent position, because there is a great shortage of student rooms and studios, especially Dutamas property for rent. The average rental price of a room in Amsterdam is about 500 euros per month for an area of 15m2.
You can make about six student rooms in an average single-family home. For each room, you charge on average between 300 and 500 euros per month. A quick calculation shows that you can recoup your real estate investment within 10 years.
The rents in the private sector are high and you can benefit as an investor. The return for renting out rooms in your home in Amsterdam, for example, can be up to 7.0% or more. This of course depends on the purchase price, location, number of rooms, and surface area.
Where can you find your investment property?
It is always advisable to buy your investment property in the region where you live. This is the easiest way to keep abreast of all developments that are important. Moreover, you are in the area, should there be problems with the tenants or with the condition of the property (in case you keep the management in your portfolio yourself).
Have you chosen a city?
Then it’s time to look at what the best areas in the city are for your investment. Always pay attention to the accessibility by public transport and the distance to the Dutamas condo, the university, and employment.
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