Assess the asset, the micro-location and the operating plan before focusing on a headline return.
A long-term home, a rental asset and a value-add renovation require different buildings, layouts and ownership structures.
Include acquisition taxes and fees, legal work, condominium charges, property tax, insurance, renovation, furnishing, management and vacancy.
Demand can vary substantially within the same neighborhood. Beach proximity, view, walkability, building quality and parking shape the future buyer pool.
Condominium rules, building operations, local regulation, seasonality and management capacity must be checked before relying on holiday-rental income.
The strongest investment is often the property that remains desirable to several types of buyer, not only the one with the highest theoretical yield.
General information only. Obtain independent legal, tax and financial advice before investing.
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