Enhance Your Rental Premium The Benefits of Investing in a New Condo with Fresh Fittings, Modern Facilities, and Efficient Layouts

A new condo with a 99-year leasehold may only have 60 or 70 years left on its lease. Properties with shorter remaining lease terms could encounter limitations on financing, decreased demand, and lower potential for capital appreciation. However, investing in a new condo may offer greater possibilities for long-term ownership and potential appreciation.
Furthermore, investing in a new condo can also bring tax benefits for landlords. Depending on the location and circumstances, tax incentives such as property tax reductions or tax breaks for energy-efficient features may be available. These benefits can help offset the initial investment in a new condo and increase your return in the long run.
Investing in a new condo also means access to modern technology. Many new developments feature smart home systems, such as keyless entry, smart thermostats, and integrated security systems. These technological advancements not only make life more convenient for tenants but also add …