Many people has jump into the property investment bandwagon. Back then, buying a property for the purpose of selling in short term was definitely tempting and possible. As of today, buying a property and selling it in a short time is definitely harder as compared to decades ago. This is because the property market has slowed down significantly and property prices no longer rise as much due to government’s measure to cool down the market.
There are many articles on useful tips when it comes to property investment on the Internet. Do read ahead and do your research before you start buying property for investment purpose. If you are planning to jump onto the property investment bandwagon, you can check out The Como Bukit Jalil. This article will guide you through 4 useful tips when it comes to property investment.
How do you define “good location”? Think about the location of the property. Is the property located at a location that is ideal to live in? Is the location convenient? Does the location have easy accessibility to public transport and amenities? Are there any public transportations such as train station nearby? Are there any education institutions within the vicinities? These are all the factors that will affect and determine the price of the property and the rental yield.
On a side note, it is advisable to stay near to your property investment if you plan to rent it out. This will save you from a lot of hassle when it comes to handling tenant complaints and maintenance.
2. Real Estate Agent
Finding a right real estate agent is important as well. A good real estate agent will save you from hassles and stress as they will be the one to handle any property related matters on your behalf. After all, they are real estate agents with professional expertise that you do not have. Furthermore, they definitely have more experience than you do when it comes to handling property related matters.
If you are looking for the right property to buy, tell your real estate agent based on your needs and they will do the rest to find you an ideal property with favorable price. If you are planning to rent out your property, they will then help you to search for potential tenants. With the right real estate agent, you can definitely sell out or rent out your property much easier and much quicker.
3. Choosing the best loan
As we know that properties belong to illiquid assets, it might not be a great idea to put all your money in properties. It is important to know that the process of selling a property is not easy. It might take approximate 6 months to a year, or more to sell off the property. Even so, the price that you are selling the property might not be the best price. Hence, it is advisable to opt for a mortgage loan to finance your investment. With so many loans available from different banks, it is essential for you to educate yourself on the loans available. Find out the difference in interest rates, prepayment penalties and settlement cost offered by different banks. Make sure you choose the loan that best suits you.
In addition, you are able to use the money you get from your rental income to pay for your monthly mortgage instalments. In order to make a profit from renting out your property, the ideal instalment is approximately 60% of the rental income you get.
4. Types of property
There are many types of property available, such as condominiums, apartments and landed properties. It is important to choose the right type of property based on your needs. Landed properties are generally more expensive than condominium units or apartment units. However, landed properties appreciate more in value as compared to apartments. That being said, it is advisable to invest in landed property, even a single storey house will do, as it will give you more advantages ultimately.
This however does not mean apartments are not a worthy investment. Apartments or condominiums are more suitable for renting. In addition, it is more attractive to first time property buyers as the price is relatively cheaper than landed properties. Remember to always stay within your budget.
Last but not least, do take into account on the type of property you invest in, in terms of leasehold property or freehold property. Leasehold property has a limited leasing period (normally 99 years) and it is renewable. As for freehold property, it is a property with no leasing period. That means, the property is yours forever.
In conclusion, property investment is not as difficult as it seems. It may seem daunting but the return is definitely worth the effort and money that you have out in, provided you did it the right way. Make sure you do your research and plan ahead before you buy properties for investment purpose to prevent getting into financial debts. After all, it is an investment that costs a lot and does not come cheap.
Like what you see, do read out www.propertyguru.com.my/property-news/2018/1/168634/home-is-where-the-heart-is to find out why The Como Bukit Jalil could be your choice of property investment.
Among the various interplays between these real estate classifications, the relationship in between domestic as well as retail is specifically intriguing. A location which largely houses middle-class families will attract a lot of unorganised or mom-and-pop retail electrical outlets, hypermarkets which enable value shopping for daily requirements, as well as shopping malls with a lot of mainstream brand names.
Enough with the doom and gloom. Retail real estate has bright spots
Retail actual estate advancements are only possible in and also around property and industrial catchments, because retail demands consumers. To invest in either household, retail or industrial workplace, real estate calls for various degrees of monetary capability, danger appetite, persistence as well as understanding of what drives development in each of these asset courses.
Real Estate Affordable housing: a game changer
Whenever I am asked just how property is performing in India, I need to ask the questioner to be a bit more certain. Property is not a solitary market however consists of various categories/asset classes, and each acts in a different way at the same time and also at different times. Residential, business and retail real estate each offer a different as well as distinctive purpose, reply to a various type of demand as well as attract different sorts of investors.
This reality has actually permitted a generous bandwidth of retail to become feasible around major residential catchments across the nation. Nonetheless, deluxe still results in deluxe, as well. Let us take a look at some of the notable instances:
What is Commercial Real Estate (CRE) - Enertiv
Indiranagar, Bengaluru: The high-street retail area in this area is situated in a high end residential precinct. The stretch has an excellent mix of F&B and style retail, bring in the affluent populace near the market.