Investment Property Guide

Analyzing Condo Investments

As with any investment, consider your potential condo carefully and understand fully, both the condition the condo is currently in and the condition once you have addressed any outstanding problems. Look at the income (from rent) and expense reports (regime fees and maintenance fees, etc.) from the current owners.

Of course, you must evaluate the current climate of the market in the area you are considering an condo purchase. Is it in a popular tourist destination? Is it an up and coming area of the town or city where it is located? If it is the latter, you may consider your investment as a long-term rental. If it is in a prime vacation spot, you can rent it on a short term basis, charge top dollar and enjoy your investment a few weeks out of the year yourself.