The calculation of real estate returns is complicated and varies from case to case. Do not rely on the calculations specified in the exposé. In most cases, these are very blue-eyed and not tailored to your situation. Always take the exam yourself and make sure that any costs are included.
Usually, additional purchase costs, as well as operating costs, are not taken into account. So it’s easy to make an investment. At the end of the day, however, it is important that you make a reasonable profit that justifies the risk you take. Check exactly what non-payable costs you will incur. You can find the information about this in the administrator’s utility statement. In addition, you should evaluate the amount of the monthly maintenance payment and compare it with the condition of the property, as well as the planned maintenance. These can be found in the minutes of the owners’ meeting.