An apartment building for sale in Vancouver can offer a lucrative financial investment and yet, numerous factors should be addressed beforehand. This is even more critical when you consider that as of January 2016, the average price for a single flat was listed at $1,674 dollars. So, what are a handful of pivotal variables to address well in advance?
The Return on Investment
This term is often simply abbreviated as “”ROI”” in financial circles. In other words, how profitable is the venture expected to be over time? This should be looked at from a long-term perspective, because property values within Vancouver can change dramatically depending upon the state of the economy. Not only is this important before making a personal financial commitment, but it should be noted that lenders will take this very same factor under consideration before approving any type of loan.