The tenant fluctuation and thus the administrative burden but significantly higher. Multi-month rental losses and apartment renovations for tenant changes must therefore be included in the cost calculation. The attributes and location of the apartment also decide on the tenant clientele. For example, if you prefer older tenants, you should not buy a condominium on the eighth floor of an apartment. A visit to https://www.buyingdenvercondos.com/ will answer all your questions.
Nor does a decentralized new apartment with poor transport connections attract young employees. Therefore, do not necessarily look for an investment in the most expensive cities, but calculate exactly which apartments you can afford and what costs you can expect.
- Be more familiar with the local housing market,
- The rental price developments and the question
- To which tenants you want to rent.
An old building or new building
For older buildings, the formula is a rule of thumb.