{"id":8231,"date":"2016-04-20T09:08:49","date_gmt":"2016-04-20T16:08:49","guid":{"rendered":"http:\/\/add-vodka.com\/?p=8231"},"modified":"2017-04-28T15:08:34","modified_gmt":"2017-04-28T22:08:34","slug":"5-tips-investing-condo","status":"publish","type":"post","link":"https:\/\/add-vodka.com\/5-tips-investing-condo\/","title":{"rendered":"5 Tips for Investing in a Condo"},"content":{"rendered":"<p class=\"p2\"><span class=\"s1\"><b><img decoding=\"async\" class=\"size-full wp-image-5101 aligncenter\" src=\"http:\/\/add-vodka.com\/wp-content\/uploads\/2014\/02\/to.jpg\" alt=\"where you live matters\" width=\"829\" height=\"622\" srcset=\"https:\/\/add-vodka.com\/wp-content\/uploads\/2014\/02\/to.jpg 829w, https:\/\/add-vodka.com\/wp-content\/uploads\/2014\/02\/to-300x225.jpg 300w, https:\/\/add-vodka.com\/wp-content\/uploads\/2014\/02\/to-399x300.jpg 399w\" sizes=\"(max-width: 829px) 100vw, 829px\" \/><\/b><\/span><span class=\"s1\">Putting your money in the bank is great, but investing it can enable you to make even more money. And when it comes to investments, condominiums are one of the best options to explore.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"> <span class=\"s2\">Montreal condos for sale are on the rise<\/span> once again and you can find luxury condos in many key locations in the city. They are excellent investments and if you play your cards right, you can really make a handsome profit.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">High-rise living is something many people aspire to experience and it\u2019s not really hard to understand why. First of all, condos are situated in prime locations, so there\u2019s convenient access to offices, schools, restaurants and shopping establishments. They also have amenities like swimming pools, gyms, playgrounds and mini parks, so it\u2019s like living in a resort.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">If you want to make a profit by investing in a condo, here are some useful tips to remember:<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\">1. Assess your finances<\/span><\/h2>\n<p class=\"p3\"><span class=\"s1\">Be sure you have a stable income before looking at condos or at least you have enough to make the down payment and other expenses incurred in the sale of the property.<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\">2. Treat it like a business<\/span><\/h2>\n<p class=\"p3\"><span class=\"s1\">That means you have to really familiarize yourself with the property before you advertise it. You have to know its main selling points, find out how to overcome any objections from potential tenants, and so on. <\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">It\u2019s important that you manage your rental properties as professionally as possible. You can pay a consultant to guide you if you have no idea how to get started. It may be an added expense but you\u2019ll learn a lot from the pros.<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\">3. Know your market<\/span><\/h2>\n<p class=\"p3\"><span class=\"s1\">Identify who your potential renters are so you can prepare for how you should communicate with them. If your market is mostly university students, then you need to be able to learn how best to interact with them. If you\u2019re targeting corporate VIPs, then you need to know how to deal with them as well.<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\">4. Stage your condo<\/span><\/h2>\n<p class=\"p3\"><span class=\"s1\">Staging your condo will help you find a tenant quicker. Again, you need to take into consideration your target market. If you\u2019re trying to attract students, then make your property conducive to them. <\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">You don\u2019t need to spend a fortune just to stage your condo but you do need to be a little creative. <a href=\"http:\/\/globalnews.ca\/news\/2174075\/how-to-stage-your-home-to-sell-without-breaking-the-bank\/\"><span class=\"s2\">Here\u2019s a guide on how to do it<\/span><\/a>.<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\">5. Market your property<\/span><\/h2>\n<p class=\"p3\"><span class=\"s1\">You\u2019ll need to spread the word around that you have a property for rent. You can list it in various website directories that cater to rental properties. You should also consider paying for advertising in the local paper or even to get an ad space in popular local websites. Giving out fliers has also proven effective.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Spend time looking at different condos for sale and have a checklist of requirements so you won\u2019t be overwhelmed when it comes to making the final decision. Remember to look at it from a business standpoint and don\u2019t let your emotions drive your decisions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Putting your money in the bank is great, but investing it can enable you to make even more money. And when it comes to investments, condominiums are one of the best options to explore. Montreal condos for sale are on the rise once again and you can find luxury condos in many key locations in &hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[240],"tags":[286],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Tips for Investing in a Condo - PF Simplified<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/add-vodka.com\/5-tips-investing-condo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Tips for Investing in a Condo - PF Simplified\" \/>\n<meta property=\"og:description\" content=\"Putting your money in the bank is great, but investing it can enable you to make even more money. 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