Real estate is always going to attract investors because it’s a rock-solid opportunity to make a profit. It’s almost a certainty that you will make a profit because real estate has something that almost no other industry has. And that is consistent growth. It’s often been called a recession-proof industry because no matter what kind of economic turmoil there is, homes will never become ‘old news’. Property is something that is so human, it fulfills our need for shelter, warmth, and the feeling of belonging. But, before you invest in property, make sure you have done the following.
Location, location, location
Location is the single most important thing for property value. You want a neighborhood that is either exclusive or has convenience. Exclusivity is inherently linked to properties that are in gated communities, far-flung away in the countryside, or have supreme views such as villas in coastal villages. Convenience is when you have a suburban property, closeby to schools, cinemas, shopping districts, or located near to parks and sports centers.
It’s important to be well aware of any infrastructure plans that are in the pipeline or currently being funded to gain a proper view of a property’s potential value increases. Speak with the local authorities and do some research on any government policies that give you any evidence for such a thing.
High in demand
After the lockdown is over, we will see a major surge in the hospitality industry. This will inevitably drive up the real estate prices as wealthy clients and average customers want to rent holiday apartments somewhere sunny. Take for example the fabulous Meriton Apartments that are in New South Wales. The George Parramatta skyscrapers are high-rise apartment buildings that will be used for holidays and professionals moving to the region. Now is the right time to focus on buy-to-let schemes as you can expect there to be a rush to buy and or rent such properties for businesses relocating, expanding offices, and or holiday-goers looking to explore a new city. Again, you must do your research and see what part of the world is going to attract more wealthy clients to apartments and why to gain the most profit from your investment.
Getting involved with projects
Before you get roped into any sort of real estate project, check who is running the show. Whether you’re intending on being one of the first to invest in a new skyscraper project, a new hotel, casino, or gated community, make sure you’ve done your research on the project owners. They will usually be a collective of investment firms, banks, private investors, and even governments.
Check for signs that the money is being collected at a reasonable pace for the investment needed to create such a property. Don’t buy into the rhetoric, find out who else is involved and how much they are invested. This is a good way to see the true level of trust and confidence in the project.
It’s the right time to invest in real estate because the prices have decreased. But this is only because everyone is waiting for the explosion of normal life to return, so act quickly and in an educated manner.