It's no secret that investing in prime real estate is one of the most profitable ways to earn passive income. And there are several reasons for this.
Firstly, the cost of the object after the completion of construction will definitely increase. Secondly, accessibility - each person can go and buy an apartment, residential building or commercial facility, for this you do not need to have any special information or skills.
But there are downsides to this as well. As noted earlier, it brings good profits. And big money is always big risks. Today we will talk about how it is profitable to invest in real estate under construction. And with reverse property search you can find this property.
Basic rules for investing in real estate
When investing in an apartment on the primary market, consider the stage of readiness of the object - it is desirable that it be more than 50%. So the probability of losing money due to the flight of the developer and his bankruptcy is almost zero. When buying an object at the “excavation” stage, you need to take into account the increasing risk and carefully consider the choice of the developer. We already wrote about the intricacies of buying an apartment at the stage of excavation in our article.
Find out as much as you can about the history of the developer, whether he was in crisis situations and how he behaved in them.
Check how many projects the developer currently has in the works. For companies that have been operating in the construction market for several years, and doing it successfully, the presence of 3-4 projects is a normal phenomenon. But for beginners, such a large amount of work should be in doubt.
You have the right to visit the facility in person. See how the process is progressing: how many special equipment is involved and people are working, how quickly the house is being built. An apartment building made of bricks and a monolith is being built 2-3 floors per month, from panels - even faster. You can follow the dynamics of construction on the developer's website or on the portal of new buildings.
The best option for buying is a one-room apartment, as well as a studio apartment. They will be in demand regardless of the economic situation in the country and the world. As for commercial facilities, when buying them, it is necessary to take into account a number of factors, including traffic, the number of similar outlets in the immediate vicinity and their area. It is not easy for a non-professional to cope with this task. Use the us cities business directory to expand your business.
When choosing an apartment, you need to consider how liquid it will be when selling. You should pay attention to:
- average cost of one square meter; it is influenced by such factors, decoration, house territory (playground and parking), transport interchange;
- location;
- project for the development of the object in particular and the area in general; in it you can see how an apartment building and infrastructure will look approximately in a few years, whether there are new schools, kindergartens, shopping centers in the development plan of the area, whether new road junctions will be built.
Ideal apartment
Buy an apartment from a developer whose reputation is confirmed by its impeccable history. Yes, such companies can be counted on the fingers and their prices are higher in the market. But you can be sure that the object will be completed and handed over on time.
Make sure the property you have chosen is already under active construction - head to the construction site and see for yourself.
Analyze how liquid the apartment you buy will be. The biggest demand for apartments now is studios and one-bedroom apartments. Please note that the cost of the object is affected by its location, adjacent territory and infrastructure development.