Updated: Sep 24, 2020
Here's some food for thought: Investing in condos as an ideal basket to put your money-eggs in?! Compared to a house, it might not grow faster in term of annual profits; however taking condominiums into your array of investment choices widens your area of operation. For an example, one can invest in a condo at a populated, well infra- structured metro area and watch its values increase over time! Websites from valuable resources such as Houston Apartments Association are there to provide you with clearer visions on things to expect when leasing a property, in time help you balance the scales to make the decision. One highlighted concern from modern tenants tend to be the presence of a governance power of Homeowner's Association (HOA) applied on their properties. Thus, choosing a location for your investment plays an important role on how any property owners who want to personally approach their tenants. HOA provides enough tools and resources for upkeep and maintenance of the environment around any related property, but also impose rules on the dwellers of said property.
As a side note example, the city of Houston has long been known for delegating zoning laws to private association, in which HOA has a certain sovereignty on applied neighborhoods. For such state-exclusive factors, researches on the area you are planning to obtain and redevelop is essential.