Usually, the condotel location is located not far from the center of tourism, such as in Bali, Bandung, Bogor, and even Belitung which is now being targeted for holiday by foreign and local tourists. The facilities provided also vary, ranging from swimming pools, spas, restaurants, meeting rooms, fitness centers, playgrounds, which is seen are almost no different from star hotels. So, where is the difference between the condotel and the apartment? Apart from that, perhaps you also need to look at the
Mayfair Modern showflat.
Condotel is an apartment unit that is fully furnished, so you don’t need to think about the furniture that must be purchased. Whereas if you buy one apartment unit, usually only get air conditioning as well as water and electricity installations.
The selection of condotel interior design has been determined by management. While the appearance of the apartment you can change and decorate as you wish.
You can only use Condotel 7 times a year. That means you are not free to live at any time. Whereas you can use the apartment as a place to live or rent as a means of investment.
The advantage of the condotel must be shared with the operator who manages it. Generally, profit sharing is 70% for investors and 30% for operators. While the benefits of the apartment can be fully owned.
Break Event Point
After knowing the difference and understanding of both, the next question is which results in greater profits?
It’s because the apartment is private property, it will always be your property. If the condotel has a validity period, a maximum of 30 years will be yours. When the validity period expires, it must be returned to the manager. In addition, the apartment has a higher capital gain value than the condotel.
But if you observe the break-even point (BEP), condotel promises faster results. In Bali, condotel investors have been able to get this point in just 2 years.
A maximum of seven new years can break even. But if the location of the condotel is strategic and is near an attractive tourist attraction, it is possible that 2 to 3 years can reach BEP.