For ordinary people, it seems quite difficult to distinguish apartment buildings and condotels because they are in the form of tall buildings and are equipped with luxurious indoor and outdoor facilities. Although it looks similar, the fact is different and of course, the investment value is different. Before reviewing more related to apartment or condotel property investment, you should really know in advance what the difference between the two. On the other hand, if you are certain to invest in a promising condo unit, perhaps you need to buy a unit from Parc Komo showflat.
Condotels are generally abbreviated to condos are actually apartment buildings that are used as hotels or hotel condos. In terms of units and room specifications, condotels and apartments are almost identical, there are work or relaxing rooms, bathrooms, bedrooms, and kitchens.
Condotels are increasingly popular, especially in big cities because of the rapid growth of hotels. The high-rise buildings are generally erected around popular tourism objects, such as Bogor, Bandung, Bali, and Belitung, which are also starting to become a favorite location for local and foreign tourists.
In addition to standard facilities as generally, there are also condotels that provide facilities like star hotels, ranging from sports centers, playgrounds, meeting rooms, spas, and others. In order not to make you more confused, this is specifically the difference between these two properties.
Condotel is a fully furnished or fully furnished apartment unit. So you don’t need to bother thinking about suitable furniture to fill your apartment. Meanwhile, when you buy an apartment you will only get the installation of water and electricity and air conditioning, without furniture.
Condotel’s interior design is patent according to management’s requirements, different from an apartment whose design can be changed according to your taste.
Even though you are the owner, condotel cannot be used or occupied arbitrarily. You can only inhabit it 7 times a year. While the apartment units that you have purchased can be lived in or can also be rented out to get investment returns.
The profit you get from condotel must be shared with the manager or operator. The common profit-sharing calculation for this proportion is 70%: 30%, with the largest share being for investors. In contrast to an apartment where the profits can be owned entirely.