What would be the main considerations when looking to buy a property for investment?
There are a few considerations that should be made. Good quality management teams that look after your property, and keep it well maintained offer good investment prospects, especially if the investor is living outside of Shanghai. Equally, a good quality renovation job will, two bathrooms and a well equipped kitchen will attract potential tenants. Pay particular attention to the renovations offered in new apartments as often they will be cheap and will age very quickly.
It is also advisable to pay attention to construction quality and intricacies such as the proportion of elevators in a building in relation to resident numbers, presence of adequate onsite security, functionality of room layouts, building acoustics and the possibility of future construction in the area. These are all difficult problems to determine upfront but can have a marked effect upon the value of a property and its future rent or sale-ability.
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