What are the professionals needed for an investment?
To invest in property you need some specific professionals.
As I already told you, there are some very important elements to consider if you want to invest safely. One of these is the professional team: a real team of specialists in different fields capable of guide you always to the right choices.
In this article I will speak to you of 3 experts which I consider essential in order to make a 'successful real estate transaction, reducing to minimum i risks and obtaining a gain important.
here are the 3 professionals that you can not help but to invest in safety.
1. Real estate consultant
The real estate consultant is one who checks economic feasibility operation.
We are talking about an investment, so it is very important to properly evaluate all aspects that can affect on the Yield.
First of all, then, you should think of a economic plan, in which to determine the aims you want to reach, in base al capital to invest and time you're willing to commit to the achievement of your goal.
The real estate investment consultant carefully evaluates the economic feasibility, that is: prepares a statement of expenses related services'acquisition, a renovation e all’furniture, the costs Legal e notarial, all tax and to all the possible side costs.
Furthermore, an investment expert is able to make a revenue projection according to the market, with the sector, to the zone and to the target (tenants or tenants, students or families, etc.).
This careful planning of costs and revenues allows you to get under control from the beginning all monetary investments, avoid cash shortages in crucial moments type the purchase and renovation.
Such a plan, Furthermore, It will reduce the time factor down time between stages.
Eg: you have bought and now you have to look for a company restructuring, where to begin and how long it will take? With the real estate consultant instead is already all ready and planned, from the day you buy the property until such time as you can sell it or put income.
In a driven real estate investment, each step that is done has already been established in a preliminary phase, thoughtfully and great care, so that the whole operation can go to successful and no unpleasant surprises ever.
Many risks a fact can be derived from investment superficial choices, dictated by lack of knowledge housing market, the territory in which it operates, laws, taxation, the technical characteristics of a property and other elements that only a professional with much experience can master.
I'll give you other examples.
In your plan you have not considered communal expenses costs and revenues that will be incurred until you find a tenant. Or you have the building ready for months or even years but you can not sell it because you have not been able to settle well considering the specific needs of those who will buy it.
These are just two examples to make you realize how vast and complex the world of real estate investments and how much knowledge and experience They are used to not make mistakes in any phase of the operation.
2. Surveyor
The surveyor is the one that checks technical feasibility operation.
In addition to the economic component, indeed, an investment property also has a high rate of technicality.
L’immobile it must be fully functional. This means you should not have any kind of problem in the installations, nor should they emerge after the purchase cost of maintenance hidden. They are two examples of important details that go to dent revenue you have budgeted.
This will indeed help the surveyor, which primarily ensures regularity Technical Property to buy, going to collect the necessary information in the appropriate offices (as the common and Cadastre).
The surveyor then provides to verify that the property itself is in order, for example, that plants are norma.
It also deals with drawing up a list of potential things to fix, restore or that need work before putting the property on the market, to ensure that all the expenses He has already taken into account when the real estate consultant evaluates the economic feasibility.
It is essential for you to have a truthful description of state property, with the list of issues present, because that lets you know if you have before a deal or is it best left alone and seek another.
A facility not up to standard, an unscheduled maintenance spending, even problems like the presence of hidden mold or a discharge mounted with the wrong inclination are all important details that only 'eye of an expert He recognizes the fly.
You can understand then how useful and important in a real estate investment the close collaboration between real estate consultant and surveyor.
3. Legal counsel
The legal advisor is the one who checks legal feasibility operation.
An investment it involves legal issues in several moments and aspects.
Real estate is the most protected by Italian law regarding the obligations related to the ownership and transcripts.
This means that you absolutely need to make sure that there are all assumptions to conclude a purchase in a adjust, no surprises later.
The legal advice you need from start checks on the current owner Property to buy. You have to know if it's all right, for example if there are mortgages on the property and if the transfers of ownership always they occurred correctly.
And there's more.
Even after the purchase, there are other factors to consider such as those concerning the right of ownership and their Rogne. For example you could find yourself not being able to sell or rent the property because of some legal issue unresolved.
You must be sure it's really all in good standing on all fronts. Without the necessary precautions it can happen only after discovering the hidden trouble.
For example you learn that there is a mortgage on the house or who have not paid a fee that instead you had to pay. Or: you realize that your agreement has some binding clauses hinder your investment.
Or again: not know the existing laws on tax breaks and risks of investing too much money on the renovation or redevelopment when it could save money.
As you see, in an investment property the lack of information the A lack of competence you do to risk losing your capital but also not to seize important opportunities gain.
Do not underestimate a Full and driven consulting by these 3 specialists.
Every professional can guide you in its field of competence thanks to a wide experience in.
Perfect for you is to invest with a tried and tested team, formed by these 3 indispensable experts that, together, can ensure a safe investment, especially if they work every day in the field with real estate transactions.
I'm telling you from experience. I am a real estate consultant and I deal every day of properties, working closely with other specialists to whom I told you to make safe investments.
Only after Many years of real estate transactions and joint work between experts in different areas we were able to build a system to invest that decreases i risks e maximizes i earnings.
Through a clear economic plan In fact, we can guide investors step by step, having an eye on all real estate aspects of the transaction.
If you want more information on how to make a property investment in safety read guide with our advice to invest in property.
