Things to Keep In Mind for Your First Investment
Jul 28, 2016 Real Estate News
We recently find it very common that people who have a well-settled life with a good job and a good house to live in; they look in for extra revenue through the mode of investment. Though getting a house for investment purpose sound easy but in reality it one hard job that requires great research, thinking and understanding especially for those who are investing for the first time. Since getting a house for investment is a revenue earning method hence one needs to be double sure that you are choosing the right property.
Let no worries enter your brain as we will be providing you with some tips on how to invest and what all to look for while you are investing.
Below mentioned are certain pointers regarding the same-
Let no worries enter your brain as we will be providing you with some tips on how to invest and what all to look for while you are investing.
Below mentioned are certain pointers regarding the same-
- The first thing you want to make sure is that there is a balance between your personal preferences and preferences that will be suited best for a house that will help you yield a good rental income. It is advisable to not buy a property near your house or in the area where you reside. Also, check that the preferred locality yields profitable options for both residential and also commercial. One must keep his or her options open.
- After you make up your mind about your investment, the second important thing to look in to is that the property you invest in should have other factors and amenities as well apart from just the locality. Let’s say, one has to look into the fact that house you purchased is well connected to the means of transportation, bus stand, autos and metro stations and are just a walk away from the house. One also has to look into the amenities that the locality provides such as water supply, electricity supply and a proper parking area.
- Next one has to decide what kind of a tenant he and she want to be. For residential case, one can either give the house to a group bachelors but it will be a little time consuming as one would need to calculate and collect rents individually or one can give the house to a family who would reside in it for a particular time span say two to three years. In the case of commercial renting, one can give the rent on the house to a recognised organisation or institution which is comparatively a less hassle-free way to earn.
Looking for property portal?
Related Articles
-
-
-
What is GST and Why It Is Beneficial for Home Buyers
Apr 10, 2017 -
