What is the best property to make a good investment?
If you want invest safely there are some elements important you have to consider.
The Property type It is to buy one of these elements, together with the area, can score the fate of your real estate transaction.
In this article I will show you what are the basic precautions of which you have to take into account when you are choosing a residential property to invest.
A immobile it is to "right" if it has the features that will allow you to do so appreciate so that it can easily resell or rent at an attractive price.
Making a mistake in buying property, whether you want to resell or make income, can reduce your gain or, worse, increase the risk of the investment.
Put yourself in the position of the interested party
Here is my first tip: do not choose the property based on your needs and tastes, but do it thinking only of your ideal recipient:
- it's a buyer o one tenant?
- it's a family, a worker of uno student?
- what do you expect? what needs does it have? what would you like to find?
You have to put yourself in the shoes of your prospective buyer or tenant because every category of home seeker has different needs and expectations.
Then: to facilitate the choice of property (and make a good deal) first of all establish clearly if you want invest in the short or long term.
Once you know who you will turn to (people looking for a house to buy or to rent) begins to draw up all the characteristics of his ideal home.
A competent real estate investor knows well that a property should never be chosen based on the characteristics that he himself would like to find in a home, but exclusively in relation to the needs of those who will take the house. Only a careful choice will guarantee you to resell it easily or to find a tenant soon.
I first aspects that people consider when looking for a home are there zone, the dimension, the age and the conditions of the property and the specifications space needs.
This means that these themselves criteria they are the ones who you have to use when you go looking for a property to invest in to make a profit. Let's see them one by one.
Zone
Start your search for the house to buy by doing this analysis: start from a broad vision to slowly go into detail.
It starts then with the city, the zone, the via (even part of a street) and the context (neighborhood, palazzo, condominium) per then scrutinize from top to bottom all properties present there.
The choice of the property is closely linked to that of the area in which to invest.
Here are some for you examples: one student will prefer a room to rent but this one stanza it will also have to be close to university and transport, a couple with children will instead be looking for a flat of at least three rooms but he will near the school, at the supermarket or in an area known for low crime.
The right property in the right area: this is the first step of a successful real estate investment.
Dimension
The size of the property you buy will determine the type of person you sell or lease it to. I'll give you a practical example.
think of a two-room apartment to make income: if you buy a two-room property to earn money on the lease, you must take into account that in all likelihood you will not have a tenant who will stay in the rental permanently (since his needs will sooner or later change). More probably you will have a frequent replacement of workers.
The most important thing is that the property has the characteristics that make it marketable, that is, palatable for whoever takes it.
Age and condition of the property
Buy a old estate to put back on track may be a good idea.
This is because you can buy at a "discount" price, both because you can increase the economic value of the house by re-evaluating it thanks to works of renovation (also taking advantage of home tax bonuses and saving on costs!).
This can be a smart move but only if you are able to distinguish an old property that can potentially be revalued from one that is hides behind his seniority of issues that do not emerge from a simple inspection.
Any problem you don't notice before buying will cost you too much that you didn't calculate!
Space requirements
In addition to the size of the house, the person concerned may have some special needs of space, such as the need for a large terrace, of a garden or of garage.
Anyone looking for one stable abode will prefer a property with garage o posto auto, conversely, for those intending to rent a home for a short period, parking may not be a determining factor.
He studies all potential of the property as a whole: surface, number of vani, kind of heating, presence of windows e balconies, presence of a garden, presence of a garage o un box auto, piano where the property is located, presence of a lift, state of storage, presence of furnishings.
You have to choose the property that your potential interested would choose: a house that has all the parameters sought and desired by those who will buy or rent it.
Sta’ watch out and choose well: if you miss some important element you can compromise the decision of the future owner or tenant to take your property.
Contact for a free consultation and we'll explain how we can guide you to make you invest in security with the choice ofright property.
