Penrose condominium investment is one of the best investments you could start early. However, many people are not careful in choosing condominiums and its developer and ended up losing all their savings and opportunity in investment. Many novice investors do not know that this permit is mandatory and can be requested directly from the project developer. But in practice in the field, this is often hidden. This is the most important. This permit makes the building stand, but sometimes it is covered up. This permission is checked.
Learn about Penrose developer track records. In addition to licensing, the developer’s track record must also be observed. Prospective investors need to know the projects developed beforehand, including the cases that ensnared them. If the developer has experienced a permit case or the like, potential investors must think twice about their decision to invest. If necessary, first ask the previous buyer about the experience of investing in the developer. Especially if you are still a beginner in the world of real estate investment, there are several things that you should consider first in condo investment. A clean track record is not necessarily actually not caught in a case. It is better if you ask directly to an experienced real estate agent.
Many do not know that new developers may sell their projects if the development status exceeds 30 percent. Banks can also only provide loan loans to buy real estate if they meet these requirements. But so far, many developers and banks break them. Not only that, but prospective investors also need to ask about the suitability of the offered real estate concept. Usually, developers only explain very general specifications and only surfaces. Though this is very important because it is useless if the shelter is beautiful but 1-2 years later the building has shown its crack. That is why you should be careful in choosing condominiums for your investment.