What are the steps of an investment property?
Invest in property It means buy houses and sell them or put them in rent getting so a gain from the resale or the monthly rent.
Ma as is the case exactly an investment property?
In this article I will speak to you of three main phases that characterize a typical real estate transaction investment: from the moment you go looking for a property to buy until the final moment when you will have your gain.
1. Research and Purchase
The first stage of the investment is one where you go to search of a'real estate transaction from which you can reap a gain.
This is the time where you have to make a clear decision: want invest capital at your disposal to get a immediate gain or to create your own unique 'monthly income constant?
The choice to make a short- or long-term investment You will have to drive all of your subsequent decisions. Having clear the budget you want to invest and the objective to resell or make income you can proceed with the search for a property.
The first most important elements you need to consider are zone the A typology property. These two factors are so important that, in the case of a choice unweighted, They can compromise the success of the entire investment.
It is essential that you do perform a 'accurate analysis real estate operation under 'legal aspect, entrusting you to a good lawyer or consultant, It is on technically, to have the opinion of an expert on the house and on any possible problems.
After identifying the right area and l 'right property to invest can make your assessments on the price: you have to buy a property that is worth the asking price or, even better, buy at a figure lower than the market average at that time.
It 'careful and comprehensive verification of the profitability: at the price you need to add ancillary costs required for the acquisition, the management and the eventual restructuring (also considering tax deductions).
You have to do well all accounts to see if you are holding a real estate transaction profitable and what will be your percentage gain.
Only when you are sure of your "good deal" you can proceed to 'buying Property, contacting a notary competent, ensuring that the purchase agreement has all the credentials and guarantees They need to never have disappointments.
2. Design and Renovation
Good, HE you become owner Property, Now is the time to design in detail (and perhaps with expert advice) all that will be needed to revalue and make it attractive to those concerned.
You've chosen this property with the intention to sell it or rent it. You did good deal and you know roughly what price you can sell the house, or what the rent proporrai the market. Now you put yourself in the shoes of the potential recipient e restructure according to his conceivable needs.
It is very important that you choose a good company restructuring and a trusted construction manager able to supervise the progress and guarantee you the result you want.
In this technique under renovation will be certainly useful as the professionals quantity surveyor and l 'architect, to ensure that the project both practical and feasible devoid of problems of any kind, and to implement the transformation according to an expert eye tips.
After the renovation you have to deal with the possible phase furniture, always keeping in mind to make every choice is not based on your personal taste but to the possible needs of those who will buy or will rent.
3. Accommodation & Marketing / Mass income
The property is ready.
Now you have to commit to allestirlo best, possibly in a better way compared to how other investors or owners are doing with real estate in the same area.
You must be able to offer for sale or for rent house presenting it in the way that the person concerned would find it. This of course applies to the photos that you will use for an ad for both as it will show when they come to visit him.
You can imagine how a house furnished with furniture and new accessories e in order, give a very different impression compared to one that it is not.
Caution: It is not a way to try to sell a bad apartment hiding defects. This will not change the fact certain basic characteristics that dictate the choice of the counterparty, but show highlighting the advantages undoubtedly add a further value.
Here comes in the so-called “Home Staging”: the act of arranging a house to prepare it for sale, a bit 'as it were of a shop window. You must take the right techniques of home staging to make the property attractive, giving reasons for the price also for its excellent condition and its aesthetic side.
At this point you just have to establish the "right" price, enter the property on the market and find buyer or tenant, getting your gain reselling or constant entry with the rent.
Also during this phase you will need to several specialists able to follow you in all technical aspects, Legal, tax e bureaucratic no mistakes.
At no stage of an investment property is no room for improvisation.
To make a safe investment you have to be very knowledgeable on the territory in which to act and real estate market, you have the practical skills and l 'experience capable of non you make mistakes and you must have a lot of time to engage with perseverance and guarantee that everything is running smoothly.
For this you should you follow step by step from a experienced team of professionals for your real estate investments. With a group of other experts working every day together on the field You can make sure each phase Your task is well studied and implemented: from the choice up to the time of sale or development income and then your gain.
Read more on investment property check guide the box below: find some advice useful for those who want to start invest in real estate.
