Today, there are many types of investments to choose from, from commodities such as gold, stocks, branded bags and luxury watches to real estate investments. Compared to other types of investments, real estate investments are considered safer and more profitable.
Homes are one of the properties that the community often uses as an investment. This type of real estate can be resold or rented so that investors can make a profit.
However, buying a new home as an investment step in the real estate sector can be a problem if it is not done carefully and thoroughly. In addition, the price of a new home isn't exactly cheap, so you'll have to spend more to invest in a new home.
Therefore, if you plan to buy a new home as an investment, you need to understand and analyze all aspects related to buying a new home in a clear and detailed manner. In order for a new home investment to make a profit, you should pay attention to 7 new home investment tips for you to follow:
1. Pay attention to the location of the house
A very important and definitive first tip is to pay attention to the location of your home or building. Location is the key to the success of a new home investment. As we know, new homes in strategic locations are usually priced at high selling prices to make a profit if resold.
Apart from the high resale prices, strategically located new homes, such as those in South Jakarta and Central Jakarta, are also surrounded by support facilities and infrastructure. In addition to being easily accessible, there are usually a variety of important facilities near homes, such as shopping centers, offices, hospitals and banks.
If you want to use your new home as a boarding house or rental home, you can look for a new home near the university and target college students.
If you're targeting potential tenants from office workers, you can also look for a new home near the office center. Or, if you want to open a small business around a residential area, choose a home by the side of the road for easy access for consumers.
Don't forget to investigate the location of your home directly, and pay attention to the attractiveness of the location where you will benefit more.
2. Pay attention to the factor of safety of the environment around the house
Apart from paying attention to the location of the house, it is also very important to consider the factor of safety. I don't want to buy a new home in a place where theft and robbery are frequent and where crime is likely to occur. If you know that the area is prone to crime, you know that the price of your property will go down when you resell it.
You can choose to buy a new home in a complex area. Houses in complex areas usually have a higher level of security because the front door gate is guarded by security guards 24 hours a day.
Or, if you're not in a complex area with security guards, you can opt for a new home in a relatively safe area, and residents are taking the lead in taking turns patrols. Therefore, the house is protected from possible crimes.
3. Check the condition and feasibility of the house
After paying attention to the location and factor of safety of the house, the next tip is to check the condition and suitability of the house.
Therefore, it is advisable to check the condition of your new home before deciding to buy a new home for investment. Make sure there are no improper or vulnerable parts. Especially when reselling, you don't want to buy a damaged home, so you need to check the condition of your new home.
When checking the condition, you need to be aware of the age of the building, drainage channel, gas pipe, and water condition. Older homes require special attention for buildings that are standing and have not been touched by buyers for a long time. Such abandoned homes may need repair.
4. Check the legality of land and buildings
If you haven't confirmed the legality of your land or building, don't rush to buy a new home. New homes are cheap, with generous bonuses and sweet promises from sellers, but don't rush to buy before checking the integrity of your paperwork. This is very important to avoid future conflicts.
And in the event of a future land dispute, you have strong evidence stating that the land and buildings of your new home are legally and legally yours. In this way, the parties to the conflict will not be able to fight the new home you purchased.
5. Pay attention to the payment method of the house
In general, there are two ways to pay for a new home: cash or installments or installments. You can choose the method that suits your financial situation. If you already have enough money, you can choose to pay in cash, as buying in cash is cheaper for your new home.
However, if you have limited financial conditions, installments are the best solution. Pre-calculate the percentage of down payment you have to pay, the interest rate, the installment period, and the penalty for delinquency. Then consider the terms or the ability to pay for them.
It is important to calculate it carefully so that you do not choose the wrong installment for your new home. This is because if the installment payments stop in the second or third year, the new home you set up may inevitably be withdrawn by the developers involved.
6. Pay attention to the availability of capital
Prepare enough capital to start investing in a new home. If you already have a lot of money, you can quickly solve your capital problem. However, if you are short of capital, you can apply for a loan through a bank, co-operative, or P2P loan FinTech.
An important consideration before applying for a loan is to calculate the range of capital required and the ability to pay it. You should limit your loan to up to 40% of your financial capacity so that your loan is not exhausted on your balance sheet.
The important thing is not to apply for a loan that exceeds your capacity limit. If you exceed your financial limits, it will upset your balance sheet because you are in debt. Do you still remember the big saying of Peg, not Paul?
7. Set lifestyle
The final secret is to set your lifestyle. Of course, if you decide to invest in a new home that requires a lot of capital, you have to adjust your daily lifestyle. To do this, you can save money on secondary needs, such as entertainment needs, by reducing light meals and eating at restaurants to keep costs down.
You can also find a side job to earn additional income. Therefore, the income you earn can be much higher, and as a result, the installment allocation for your new home will be larger and you will be able to pay off more quickly. So organize and manage your finances well so that the income you earn can smooth your intentions to invest in a new home.
Source : http://i0.wp.com/www.dekoruma.com/artikel/113663/tips-investasi-rumah-baru
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