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When contemplating the investment of a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the yearly rental income in relation to the property’s purchase price. In Singapore, rental yields for condos can immensely vary based on factors such as location, property condition, and the level of demand in the market. Regions with high rental demand, particularly those near business hubs or educational institutions, typically offer more attractive rental yields. It is important to conduct thorough market research and seek guidance from real estate agents to obtain valuable insights into the rental potential of a specific condo, taking into consideration the regulations and benefits of foreign ownership as well.
2. Check for Licenses and Insurance
One of the most critical factors to consider when selecting a roofing contractor is their licenses and insurance. A reputable contractor should be licensed by the state and …