Each investment instrument not only promises profit but will also provide commensurate risk. As novice investors, we must study the risks of loss in the property investment instruments we choose to get maximum profits by minimizing risks. When investing in property, we will also be in contact with many parties, such as land agencies, building permits, developers, buyers, tenants, etc.
Property investment is an activity of buying, managing/repairing, reselling or simply renting out with the aim of making a profit or simply as passive income. Property can be in the form of land, residential houses, shop houses, apartments, warehouses, boarding houses, etc. So before buying property, investors must first determine the purpose of investing in property, whether for resale or rent. Here are several ways to invest in property:
1. Collect funds
Collect money/funds so you can reach the target property price, look for information about properties for sale through word of mouth, try to buy property first hand so the price will be cheaper.
2. Choose a property that suits your investment goals
Determining the type of property according to investment objectives is very important, so that consumers do not get the wrong target.
Renting Property
If you are investing in property to rent out, make sure the property is in good condition, be it the building, cleanliness, electricity, water, etc., so that it doesn't require a lot of repair costs, and determine whether the target consumer is students, workers, traders or families.
Reselling Property
Investors will need to spend more to renovate the house, so it can be sold at a higher price. Naturally property prices will rise, especially in the long term.
3. Do Research
After collecting funds and getting information about the property to be sold, there is no need to rush to buy it, but investors must do research first, whether the property being offered is in line with your investment objectives, check the location, infrastructure, type of property, market trends, documents. letter or certificate as proof of ownership.
4. Market the Property
If you have carried out stages 1, 2 and 3, then stage 4 is carrying out promotion. If you aim to turn the property into a boarding house, you can promote via radio, social media, local advertising, etc. For other types of property, if you have difficulty marketing, you can use a property agent.
5. Serve Prospective Renters and Buyers
Face every prospective buyer or property renter in a friendly and serious manner, providing complete information, until the transaction is completed.
Property investment is an activity of buying, managing/repairing, reselling or simply renting out with the aim of making a profit or simply as passive income. Property can be in the form of land, residential houses, shop houses, apartments, warehouses, boarding houses, etc. So before buying property, investors must first determine the purpose of investing in property, whether for resale or rent. Here are several ways to invest in property:
1. Collect funds
Collect money/funds so you can reach the target property price, look for information about properties for sale through word of mouth, try to buy property first hand so the price will be cheaper.
2. Choose a property that suits your investment goals
Determining the type of property according to investment objectives is very important, so that consumers do not get the wrong target.
Renting Property
If you are investing in property to rent out, make sure the property is in good condition, be it the building, cleanliness, electricity, water, etc., so that it doesn't require a lot of repair costs, and determine whether the target consumer is students, workers, traders or families.
Reselling Property
Investors will need to spend more to renovate the house, so it can be sold at a higher price. Naturally property prices will rise, especially in the long term.
3. Do Research
After collecting funds and getting information about the property to be sold, there is no need to rush to buy it, but investors must do research first, whether the property being offered is in line with your investment objectives, check the location, infrastructure, type of property, market trends, documents. letter or certificate as proof of ownership.
4. Market the Property
If you have carried out stages 1, 2 and 3, then stage 4 is carrying out promotion. If you aim to turn the property into a boarding house, you can promote via radio, social media, local advertising, etc. For other types of property, if you have difficulty marketing, you can use a property agent.
5. Serve Prospective Renters and Buyers
Face every prospective buyer or property renter in a friendly and serious manner, providing complete information, until the transaction is completed.
