What Do You Consider When Buying Properties?
Real Estate Business is undoubtedly the only business on earth that can guaranty every investor a huge return on investment either within a short while or a longer period of time.Though landed properties will definitely appreciate in value irrespective of where it is located but the question is, how fast will that be?
Many people buy landed properties because they know that it’s the only solid investment that can be transferred to the next generation with the assurance of getting an inevitable return on investment without considering the fact that they need to take note of some certain things.
So many investors buy because others (maybe a brother, friend or colleague) are buying real estate and they don’t want to be left out while some buy for business purpose, buy to build or buy to have their cash safe.
Irrespective of the purpose of buying, it is a must for you to consider the following factors if you desire quick and huge maximum returns.
LOCATION & PROXIMITY: Location is paramount when considering where to invest your hard earned money in real estate . In fact this is the first thing you need to look out for before you think of other things, what is the proximity to basic economic driven projects, How accessible is the place to major developments, houses, social amenities, schools, market etc.
INDEPENDENT SEARCH: After you might have fallen in love with the property location, the next thing you need to do is to run a private search on such property if its okay for you to buy. if such land is committed to government projects, prone to violence or family problem, please go far away from such property. Its not a good buy for you.
INFRASTRUCTURES: Another factor you need to look out for is infrastructure which includes accessibility to the property, road network, the current or future development in where you are about to invest your money.
POTENTIAL APPRECIATION: Of course Capital Appreciation is one of the reasons why everyone wants to invest on landed properties but before you can be assured for maximum return on investment the first two factors must have been considered.
FUTURE DEVELOPMENT: Don’t ever invest your hard earned money on landed properties if you don’t have in-depth knowledge about what the plan of government on that environment. Government plans and policies in that axis should be checked and if possible pick coordinate number of the land you want to invest and do your search at The Ministry of Lands in your choice State. Do your independent search about the environment to know all what is coming to that axis if its to your advantage or otherwise because government interest in a particular environment increases demand and demands leads to increase in property prices.
SECURITY: Security is another major factor that is also very important to you. Make use of the internet or ask around if there are issues or litigation on the land or around where you are about to invest. Make your findings about the security history of the community and if the environment is prone to violence or security treats please back off from such area.
All these are your top consideration before acquiring that property whose deal looks so juicy. Follow our social media platforms to get more property investment tips