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How To Choose The Perfect Revenue Property

How To Choose The Perfect Revenue Property

Choosing the Perfect Revenue Property

Strata properties can make for great investments. This is mostly because of two factors:

  1. There is a good demand for rental condos and townhomes.  If you’re currently hoping to build a nest egg, then this might be a great option for you.
  2. The Strata Council and ultimately the Strata Corporation are there to handle the overseeing of common areas of the property. Now, your only concern as the owner and landlord will be the maintenance of your unit’s interior. You can also opt to delegate this task to a property management company for a completely stress-free experience as well!

What To Look For In An Investment Property

Just because it’s a condo or a townhome doesn’t mean you should snap it up right away. There are some essential features that you need to consider when you’re looking for the revenue property that’s right for you.

The Neighborhood

If it not in a good neighborhood, then the tenants will most likely stay away. Choose a neighborhood that is safe and has minimal crime. https://acdrealty.com/blog/choose-perfect-revenue-property/ https://acdrealty.com/blog/choose-perfect-revenue-property/ https://acdrealty.com/blog/choose-perfect-revenue-property/ https://acdrealty.com/blog/choose-perfect-revenue-property/ https://acdrealty.com/blog/choose-perfect-revenue-property/A property that is within close proximity to amenities like grocery stores, restaurants, schools and transportation is also favoured.

The Unit

Aside from the external appearance that you need to consider in a condo or townhome, you also have to look at the quality of the interior finishes.  Take a look at the lighting as well since many tenants prefer homes that feature a lot of natural light. Other attractive features include top-of-the-line kitchens, balconies and spacious bathrooms

The Building

A building that’s well-maintained and clean is paramount.  Would you want to rent a unit in a building that is not well maintained?  Neither will prospective tenants.  Pluses can a building that offers amenities like gym facilities, a concierge, parking spaces and a swimming pool. These may increase the investment potential of your prospective rental property. It’s a sure fact that properties in Vancouver with these amenities have a higher rent.  Keep in mind thought that these amenities will come at a higher cost.

The above are some basic factors when it’s time to select the perfect revenue property.

revenue property

ACD Realty Corporation

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ACD Realty Corporation is a fully LICENSED, BONDED and INSURED Real Estate Company specializing in the leasing and management of single family homes, individual condominiums, and apartment buildings throughout the Lower Mainland area of British Columbia. We take the hands on approach to property management, which makes us different from other firms. Your investment is managed with the personal attention of an individual property manager backed by ACD Realty Corporation.

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  113. you are in reality a excellent webmaster. The website loading velocity is incredible. It kind of feels that you’re doing any unique trick. Furthermore, The contents are masterwork. you have done a great job in this topic!

  114. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  115. I have read several excellent stuff here. Certainly price bookmarking for revisiting. I wonder how a lot attempt you set to make this sort of great informative website.

  116. I’m not sure why but this blog is loading extremely slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later on and see if the problem still exists.

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