Many people assume the property is one of the main options best investment. In fact, in times of economic ups and downs, property remains a profitable investment.
The problem is, sometimes investors get caught up in property investment. They could be mistaken because they use emotions while choosing and determining the property as an investment.
So, how to choose an investment property that provide maximum results?
There are at least five essential elements for potential investors to pick and choose the investment property.
First, prospective investors should be keen to see the right time to buy property. The principle is to buy when the price is low and sell when prices are high.
Second, prospective investors should choose a prime location. The term property based on location, location and location thinks is highly appropriate. The downtown location is an area prospected to guarantee a continuous rise or location with the possibility prices will continue to increase with the development.
Strategic locations and are usually located in the triangle prospective business offices, businesses and economic growth.
Third, prospective investors should consider the source of financing. Here, investors have to be creative if electing cash, credit or cash to finance investment gradually.
Fourth, potential investors must be careful about what kind of investment prospects. Type of property such as offices, condominiums and retail still prospective as a land investment.
Returns capitalization of these three types of properties that guarantee faster. Return rate apartments and condominiums topped with returns ranging from 8-12 percent. Office rental rate of return of 7 to 10 percent and retail stores such as kiosks and by 5 to 9 percent.
Fifth, and not least the importance of choosing a reputable developers in the business. For potential investors, it is important to see a developer so that investment can generate. Timeliness, quality and accuracy according to the contract should be the primary consideration.