Want to meet many real estate investors who are already successful? Eits, don't be careless! Like all investment businesses, real estate investing has its own risks that you need to be aware of. In addition, real estate investment requires cash and long-term credit, and the cost is not small. So, before you take the wrong step, here are six things you need to know before you start investing in real estate!
1. Location of investment property
The location of real estate is the main thing to always consider, including the absolute ones when talking about buying, selling or investing in real estate. Location affects many factors of real estate investment, such as sale and rental prices, easy access to properties, facilities around the property, and potential for major properties.
Real estate locations that meet the criteria from the various categories outlined above certainly deserve the right choice for real estate investment.
2. Developer reputation
Make sure the developers responsible for this real estate project are reliable, unlike buying a cat in a bag. Real estate projects are often constrained, from licensing issues, financing, delays in project submissions, to land disputes where real estate exists.
When it comes to investing, make sure you really make sure that your developers have proven to be well-received, so that you can trust them. Don't choose the wrong developer and make your real estate investment a cause of loss.
3. Check the funding source
Bank Indonesia's policy on mortgage (KPR) down payment regulation is at least d.Own payment (DP) 15% in the first house, 20% in the second house, 25% in the third house. Therefore, not only make sure that your funding source is sufficient for your DP, but also be prepared for monthly installments or installment payments.
Remember that even if you have a lot of money and don't have to think about down payments or monthly installments, your home still has running costs such as land and building taxes (PBB), home renovation and repair costs. Please keep your account running according to the terms of the real estate investment you purchased. You are not planning your real estate investment financing carefully, so be careful not to disturb your financial position.
4.4. timing Real Estate Investment
Make sure to invest in real estate at the right time. Indonesian real estate cycle patterns or real estate seasons can be divided into two seasons: accelerated seasons and slowed down seasons. This season's cycle can last for years, depending on interest rate policies, national economic trends, and other financial conditions.
Of course, if you're determined to invest in real estate, the best time is Early bird period Or when a real estate project is still under construction and approaching launch Prime. Real estate investment prices can scroll very fast, up to 25 percent below normal prices, during or before key delivery.
5. Investigate regularly
If you already have a particular type of client, you should do a survey before making your first real estate investment. Many real estate investors are willing to pay professional services for the most profitable real estate investment recommendations.
First, you'll be keen to find information about the types of properties that can attract your target clients. Use a logical approach and analysis based on financial factors rather than personal preferences such as price range or location requirements. Therefore, you can pay more attention to looking for real estate requirements for a successful real estate investment.
6. Put logic, not emotion
Finally, the key to investing in real estate is to use logic, not to play with emotions or intuition. Unlike buying a home where you live for years, real estate investment is the problem of getting as much profit as possible in the shortest possible time.
Therefore, the principle of real estate investment is to review the investment strategy and follow the negotiations based on accurate calculations. Keep in mind that the lower the real estate price you acquire, the more likely you are to benefit from this real estate investment.
There is certainly a lot of money needed, so make sure you have a solid stance before deciding to start investing in real estate. We are grateful if we prepare our financial strategy even in the worst case and if our investment yields a wealth of profits.
Don't forget to check out other interesting articles about Decorma! Apart from the article, Decorma also offers a variety of furniture options to complement your home. Decorma sells kitchen cabinets, TV shelves, chaise lounges, mattresses and cribs of various models and sizes. Find all your home needs in Decorma!
Source : https://www.dekoruma.com/artikel/80484/langkah-investasi-properti-yang-benar
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