The Vision
This is an excellent, safe acquisition for the developer at heart. If you’re looking for a low-risk investment requiring minimal management time, this unit is for you. With a TAMA deal, you get all the benefits of a solid investment without the mess. In a relatively short period of time, the apartment will be worth much more than you paid.
With a TAMA development, your older building is upgraded to become a much newer, safer and more luxurious building which is then much more attractive and valuable to new buyers.
General Overview
This flat was renovated a few years ago -- the kitchen, bathroom, windows and plumbing were replaced. The apartment currently has a nice layout that includes two bedrooms. Considering that the unit is fairly close to getting its full TAMA building permit, the price is very attractive and it will likely go quickly.
About the Neighborhood
The featured property is located in a dynamic area under constant development. Local development also includes new high-tech parks as well a project to build the largest port in Israel. As a leading developer once told us, “Any city in Israel where the government is investing in the infrastructure, the residential property values will increase.”
This is what you buy… (Pre-TAMA) |
|
Type of property: |
3-room apartment |
Size: |
77 square meters |
Floor: |
1 |
Asking price: |
NIS 925,000 |
This is what you get...
(Post-TAMA)
Entire building overhaul with addition of elevator, infrastructure and structural improvements, lobby renovation
Webbee, Digital Agency