Real estate is an ideal field for investment for those who are looking for a less risky and safe way of investment. Capital growth, regular income benefits in the form of rent, tax deductions are all attractions of property investment. Investment on residential property has gained great popularity recently due to their increased demand. Check out Corals Keppel Bay to know how appealing the properties are in general. Only those properties which satisfy certain criteria would give you excellent returns in the long run.
An investment is said to be good if it guarantees a capital growth rate of at least ten percent every year. Location of the property is a vital factor which determines in value. According to the experts at www.constructiondive.com, poor location is what lead to the value depreciation of many real estate properties. Here are some points which you must consider before investing your money on properties.
Look for a developing area
Real estate market nature is in such a way that the price in an area increases gradually, reaches its maximum, and then become static over the course of time. So, from the investment perspective, developing areas are the best to invest your money than already established areas. Moreover, the price of a property in an established area would be extremely high and would not be affordable to all.
Common amenities are mandatory
Nowadays, people will not prefer a place if it lacks facilities. Parks, pools, playgrounds, shopping complexes are all the features which most of the people are looking for while choosing a residential property to buy. So, look for areas where such features exist or the construction of such facilities is in progress.
While choosing a residential area, not many would prefer a location which is not easily accessible. Access to public transport is a very desirable feature when it comes to a residential property and needless to highlight its importance in the case of commercial properties. So, do not ignore this point while searching for a property.
Easily accessible educational and medical institutions
If you need to get a good return on your investment, then choose a property where schools and hospitals are at easily reachable distances. These are something which every family would have on their priority list while choosing a property. Nobody will choose a place to stay if their kids have to travel a large distance every day to reach their schools. So, it would not be wise to invest in such a property.
You have to be highly alert to the market trends and dynamics of the area where you are planning to buy the property. If you happen to come across a property in an area where there is a chance for rapid business growth then never let such a property go off from you. The value of such places would increase rapidly within a very short time.
These are just the basic guidelines. There may be more depending on the changing market trends every day. Make sure you do not miss out anything before finalizing a deal!