Investments in real estate have always been an investor favourite.
However, given the current situation brought about by the pandemic, it is more than ever necessary to take into account certain rules to ensure a safe investment, with the least amount of risk and highest possible return.
In today’s post we will explain how to minimize the risk while maximizing the yield.
The goal of your investment
One of the first steps that you must follow is to define well the objective of the investment you are about to make. We’re not only talking about the amount of money that you want to invest, but about the type of property you are going to buy and the use you are going to give it.
Why do you want to acquire a property? Do you want to keep it and rent it? Or resell it in the near future? These types of questions will help you determine the purpose of your investment.
Seek out an ally for your investment
Acquiring a property should not create anxiety or cause problems; on the contrary, it should be an investment that is giving you peace of mind knowing that your money and future are safe. Therefore, our advice is that you find an ally, an expert in real estate investments who will help you.
Ideally, choose a solid company with experience in the market. This way, you make sure that they have the knowledge to know the best areas to invest in, has a good idea where the market is heading and the best type of property for your investment.
Analyse the market
Real estate investments are one of the safest there are; but that doesn’t mean you shouldn’t analyse the situation to see what your best options are.
Analysing the market will also help you to think about the type of property you want to acquire and the use you could give it, for example acquiring a property in a well-connected area with good infrastructure and services will allow you to rent or sell it more easily. Buying an apartment near the beach will allow you to rent it while you are not using it.
Think with your head and not with your heart
Before making an investment you must be clear about your objectives. Often we see a property that we find attractive, and think that hence it must be a good investment – but it might not be!
Therefore, before making a decision, do some research, get well informed, heed the advice of those who have experience in the market and above all, ask your advisor any and all questions that will help you take the best decision.
So don’t waste your time and start by contacting us. We are experts in making your investments grow!