Smart Real Estate Investment

Shirin Chy By Shirin Chy, 31st May 2018 | Follow this author | RSS Feed | Short URL http://nut.bz/m1m9yw6t/
Posted in Wikinut>Business>Investment

We all want to make safe and smart investments. Real Estate is one of the safest investments. However, you need to take the right steps to ensure you safeguard your investment and improve the gains and returs you expect.

Smart Real Estate Investment

We all want to make safe and smart investments. Real Estate is one of the safest investments. However, you need to take the right steps to ensure you safeguard your investment and improve the gains and returs you expect. Here are some tips to help you in making the right descision buying a residential real estate property.

Get a Deal

You want to geta deal. Be careful, cheaper is not always better. Every property is priced based on location, size, quality of construction and finishes as well as amenities it offers. An apartment with full seaview is not priced the same as one in the suburb. Study the market for similar proierties. You can start with online listings. Once you are ready, view the property and after considering everything make a reasonable offer on the property. Sellers want to sell! If you make a reasonable offer and comott to close quickly, they will consider offering you a discount on asking pricfe. Off course thia is all about a stable market. If the properties are flying off the shelf, then you can forget about a discount and be ready to offer over and above the asking price.

Update your will

Things happen. Real Estate investment is a longterm proposition. Make sure you update your will so that your family is secure if something happens to you.

Insure Yourself and your Property

Most mortgages come with insurance protection. If you are buying on mortgage make sure this is included. Even if you are a cash purchaser, be sure to buy income protection, life insurance and home insurance.

Use Property Management Services

This is like getting regular service done for your car. However most people don’t see the importance of home maintenance service. It is worth it. Regular maintenance packages help you prevent major costly repairs. Get your AC, windows, plumbing and electrical works checked and serviced regulary.

Be an Alert Landlord

If you intend on renting out the property, be sure you have received sufficient deposit from your tenant. Vist the property regulary, at least twice a year to inspect it. Most tenants are good but we run nto a bad tenant from time to time. Be sure your tenant is taking care of the property as you would. Refere to the above paragraph on regulary servicing the property.

Happy investing in property!

Looking for properties in UAE? Al Hamra Properties offers a wide range of properties in Ras Al Khaimah, United Arab Emirates. Al Hamra Village is a gated international community in North Ras Al Khaimah surrounded by a championship golf course on the shores of Persian gulf. The safe and secure Al Hamra Village is home to 99 nationalities. Al Hamra Village has won numerous international property awards and is one of the best residential communities in UAE.

Tags

Real Estate, Real Estate Agents, Real Estate Investing

Meet the author

author avatar Shirin Chy
Sorry, this author hasn't written a bio yet.

Share this page

moderator Peter B. Giblett moderated this page.
If you have any complaints about this content, please let us know

Comments

author avatar White, Christopher Simon
12th Jun 2018 (#)

EAGLE FINANCIAL AND LEASING SERVICES (UK) LIMITED offers a quality financial organization service to many commercial and internal market. At EAGLE FINANCIAL AND LEASING SERVICES (UK) LIMITED, We pride ourselves with a wide range of professional hard working staffs who ensure clients demand are met in a timely manner. Also we ensure that clients requirements are met according to specification. Our project funding is structured to suit the individual needs of our clients as we believe a satisfied client is the best business strategy of all.

Accessing the right financial product or facility at a crucial stage can be the key to business success, you are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable. Contact us today with your inquiries. Kind regards, WHITE, Christopher Simon Director (EAGLE FINANCIAL AND LEASING SERVICES (UK) LIMITED).

Leasing Price : 4%+1%
Buying Price: 32%+2%

White, Christopher Simon
email : advice.eagleflsltd@gmail.com
skype: advice.eagleflsltd

Reply to this comment

Add a comment
Username
Can't login?
Password