Choosing property is everyone’s dream. Property is considered as one of the most promising investment instruments, because the price tends to continue to increase. In fact, most people today make property their main investment. Investing in property can make you get passive income easily without having to work day and night. Even though property is considered a promising investment, property prices are not cheap. That is why buying property as an investment instrument must be very careful, so that you are not mistaken in choosing property as a means of investment. Here are 5 important things you should pay attention to!
Where is the property located, is it strategic enough?
Location is the main thing you should consider when choosing the property you want. Location can determine the price of a property, whether it will be bought, rented, or sold later.Pay attention to the environmental conditions around your target property, how to access the property, and what public facilities are available around you. This should be the main consideration. If all of these things can be fulfilled, then you have found a property with a strategic location and worthy of consideration. Later, you can put a higher rental or sale price considering the location of the property is easily accessible from several points at once.
Check what a property developer’s reputation looks like
Even though it is a promising investment instrument, there are many risks that may occur in purchasing property. One of the most common risks is problems from developers, such as building permits, land disputes, construction delays, building permits, and others. You can avoid the potential for this problem by choosing the right developer. Choose a developer who has a good reputation in the property industry.
Facilities offered and future development plans
People who live in an area not only need a place to live, but also need public facilities around it. Starting from shopping facilities, malls, public transportation facilities, cinemas, health facilities, and so on. Besides seeing the facilities offered, you can also see how the projected development of public facilities in the area. A property is valued not only from existing facilities but also from future developments, for example, a plan to eliminate green open spaces or a shopping center that makes this property’s value higher.
As to what market potential is available
Also consider what kind of market potential is available. Not only when buying or seeing an opportunity for future price increases of a property, you also have to be observant about the potential market for the property in the future. Don’t let you buy property that will be difficult to market for rent or sale again. Pay close attention to the market potential of each property. This is especially important if you are buying property for the purpose of reselling or leasing it.
Near the center of education and industrial center
This criterion is very important to pay attention to, because properties that are located close to schools or office building areas have a much higher interest. Properties that are located near the education center have various market potentials, for example, students, lecturers, to young couples who already have children. For students and lecturers living in residential areas near campus will facilitate their mobility because they no longer need special transportation to go to campus and only need to walk. Meanwhile, young couples who have children also feel safer when their children go to school close to home. If your property is in an industrial or corporate area, the employees who work there have the potential to become permanent tenants for the long term.