Friday, January 25, 2013

Tips for Investing in Real Estate

Polski: Punta Cana beach, Dominicana
Polski: Punta Cana beach, Dominicana (Photo credit: Wikipedia)
We all know that in times like these real estate investments can be the best bet for future gains. After all, how much money can you put up for equity or solid precious metals like gold and silver? If you have disposable income that you want to keep rolling, real estate is the sector you should be looking at. In case the real estate market in your resident country does not seem promising enough, there are foreign real estate investment options to explore. India can be a likely choice, considering the real estate sector is booming in most parts of the country. You can consider buying properties in Boisar or Pune, if you don’t have enough capital to buy a lavish apartment in Mumbai. India welcomes foreign investment and the investment laws here are pretty straightforward as compared to some Western countries. Another apt option may be the Dominican Republic. Places like Punta Cana in the country are making their mark on the investment map lately. 

Regardless of where you decide on investing your hard-earned cash, we can safely presume that you are either going to hold on to the property for some years after which you can put it on sale for a substantial profit margin, or instantly put it on the rental market to earn a parallel income. In both cases, the investment is not going to be used personally. This is where most investors make a mistake. They buy the property that they would want to stay in, rather than concentrating on a property that their target market requires. For example, if you have always lived in a house, that’s what you would gravitate towards investing in, forgetting that today the economical situation makes it hard for a majority of the population to buy big homes. Most buyers are looking for apartments or condos that offer security, maintenance and other perks without having to bear the expenses of everything single-handedly.

Studying the market is essential before any real estate investment. Decide on a target buyer market and take things further, as this will give you a clear idea about what neighborhoods to look at, the rough budget figure, etc. The kind of investment you are considering should be looked at as a business plan. You may want to plan out a three year or five year investment strategy. This will give you an idea about where to invest, your financial liabilities after investment, and the future profit prospects. Location is one of the key ingredients for a profitable real estate investment. For instance, if you are buying properties in Boisar, your target market is single families that work in the industries nearby or in Mumbai. This means that your priority should be to invest in 2 bedroom apartments that can be rented out. Also, these apartments should ideally be close to the train or bus stations for easy commute and better connectivity.

While in many cases simply letting some real estate agencies know that you are interested in renting the property out to individuals or families is enough, there are times when the investor needs to advertise to get the right tenants. In case you do not believe in having a middleman take away a percentage of your profit, placing advertisements in local newspapers may be a good available option. Most newspapers carry such ads for nominal charges, although we suggest employing a good real estate agency especially if you are a non-resident of the State. Many smart investors believe in furnishing the properties with basic necessities to ensure good rent. While this is not a compulsion, it may be a good strategy to adapt. 

Jeffery G. Thacker is a freelance writer for the http://www.mirchandanigroup.com/ . Being an American he often concentrates on blogs and articles about the real estate market in the US, however recently he has written quite a few informative pieces about properties in Boisar and other localities in India. Jeffery is a sportsman at heart and enjoys playing lawn tennis, billiards, soccer and baseball.


10 comments:

  1. Hello,
    Actually I have been finding lot of things about real estate market updates, because my passion is to gather more knowledge on properties ideas, that’s why I am always reading these types of property related stuffs. So finally thanks for sharing this valuable blog for visitors and I will definitely visit again next updates. Keep it up!

    ReplyDelete
  2. Hello,
    Actually my passion is to observe ideas about real estate property things. That’s why I have been visiting many interesting articles for developing my knowledge. Yes I will definitely visit again your next real estate market related updates. Keep it up!

    ReplyDelete
  3. Real estate is good source for investment. Many people invested in real estate projects for profit and better lifestyle. In this blog given all information is very informative and useful for real estate. Thank you sharing such nice information.

    ReplyDelete
  4. I do agree that real estate is good source for investment. I learned new things from your post and I will apply this tips when I am going to buy a property. Thank you for providing this with us.

    ReplyDelete
  5. Having financial capacity to invest in real estate isn’t always enough. There are many essential things to consider. I believe you’ve tackled almost everything an investor should know and consider before getting into real estate investing.

    Coleman Andrews

    ReplyDelete
  6. It is important to have knowledge on your chosen business. It would be also effective if we know a professional that would help us in handling our business. Don't let yourself do things specially at the start of your business.

    Real Estate Investments in Australia

    ReplyDelete
  7. This is just the kind of information that i had been looking for, i'm already your rss reader now and i would regularly watch out for the new posts, once again hats off to you! Thanks a ton once again, Regards,
    Property Investment

    ReplyDelete
  8. We should always seek for a possible idea for our Real Estate Investments Australia. An idea that will help not only us but also our agents. Discover things in our own way and it would be enough for us to secure the stability of our business with the right strategy.

    http://real-estate-in-australia.blogspot.com/2013/08/Property-Investment-Brisbane.html

    ReplyDelete
  9. Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic.
    US Property investment

    ReplyDelete
  10. Ensuring our business success can be achieved by learning simple but effective ways on handling our Property Investment Portfolio. We need to keep our performance in our investment accurately to achieve things effectively. Make way on finding the right spot for our business to take its course in succeeding for our future.

    http://www.positivepropertyinvestments.com.au/property-investment.html

    ReplyDelete

Join 1000's of People Following 50 Plus Finance
Real Time Web Analytics