Investing in property is the best investment, because it has a relatively small risk with a large return However, even though it is included in the safe category, it does not mean there is no risk. As with investing in other fields, if you make a fundamental mistake in investing, you may lose property too. Therefore, those of you who are going to invest in the property sector must understand and know how to choose the right property strategy. Here are 5 Strategies Before Buying the Right Property, you need to know:
Choose the Best and Most Trusted Developer
This is very necessary, because business or property investment does not escape legality problems. Make sure the legality of the property from the developer is safe and clear, there are no disputes or other restrictions. To ensure the safety of your investment, make sure you buy property from a developer that has convincing credibility by studying its track record.
A good property developer has the ability to present quality projects, they are supported by quality human resources so that the mistakes that occur in the project are very small. The mistake that might occur for developers is a mismatch between promises and reality.
What is Strategic Location?
Remember the location also has a big contribution to future property values. and also related to future governance or spatial plans, is it strategic or not? Location plays a very big role in the success of a property project. Buyers will benefit from buying a property that is in a strategic location because the property’s price will easily rise. This strategic location is a location where demand for property is higher than supply. Demand is greater than supply.
How to assess a strategic location or not?
Strategic location has many criteria, but generally a property is considered to have a strategic location if it is not far from the center of the crowd, shopping centers, offices, public facilities such as hospitals, stadiums, educational institutions, places of worship and so on.
See Supporting Facilities
Remember, humans are also social creatures, who need facilities and infrastructure for activities, socializing. The selling price of property in a neighborhood equipped with various facilities is higher than for housing with poor facilities. This undeniable fact has made many developers now develop mixed-use projects that combine residential areas with various kinds of public facilities and commercial facilities such as shopping centers, health service centers, educational institutions, sports facilities, and so on.
Monitor Property Price Movements
You must be able to see the future value of the Property. How progressive is the rise and fall of property prices in the surrounding area, of course, taking into account the quality of the building, the location and the number of facilities in the vicinity? By paying attention to property price movements, you will be able to judge which houses are sold at low prices and are priced high, and know when to hold the property you own by simply renting it out and when it is time to sell.
Don’t Stack Property in One Place
Remember, don’t put all your eggs in one basket. because if the basket falls, then all your eggs will be damaged or all fall too. Likewise in the property sector, the benefits achieved through the property business will make someone want to increase the amount of their property investment. And it is advisable not to accumulate investment in one place, for example by buying several houses in one housing complex.