This article is created for those who are planning to invest in Real Estate. That includes those who are willing to purchase houses, condominiums, or lots with the intention of having them make passive income. In that spirit, this article is not for those who want to purchase and dwell in their chosen property.
Ready? Let’s get to it.
You can never be too careful when it comes to Buying Real Estate properties. As prices continuously grow, along with the fact that more and more areas are being valued higher than before, choosing the right places and units to invest in has never been more complex.
So what will your investment be? Will it be a house, or a condo? For Rent, or for Resale? There are numerous angles wherein you can opt for, and let’s get it clear that there is no one-size-fits-all approach.
- Your goal
- Your age
- Your investment style
- For who it’s for
- Your current assets
- Your future assets
- Where the local trend will go
Your Goal
Probably the most important variable to consider when it comes to choosing and investing in a property is the goal behind it. It’s not rocket science. Why do you want something? Do you want to re-sale a condominium? Do you want to lease a house? Do you plan on constructing a building on a lot?
It’s a pretty simple fundamental, but this is the very basis of your investment, and it’s something that must be clinged on, when the other variables come into play.
Your age
You have to take into consideration your age. This is quite crucial, for one, simple reasons like leasing a property.
It may not be a good idea to invest in a property for leasing at an old age. The ROI itself would take quite a few years. However, if you’re planning to lease a property for your future generations at an old age, then that would start to sound like a good one.
Your style
Age also correlates with your investment style, as a lot of young investors may be interested in aggressive moves, and those with age tend to focus more on passive income. A reminder, however, that investment style shouldn’t be limited to your age.
There are detailed articles that go deeper into the investment styles of different age groups, and can give a guiding insight as to how you can invest varying on your age. It’s really more on knowing yourself.
For who it’s for
Is it for yourself, or for your future kin?
You may be of elderly age and plan to invest in a property for your descendants, or you may be young and plan to build up a fund for future ventures, or vice versa. There is no fundamental answer when it comes to investing. It’s all about your gut and goals.
Knowing who the investment is for should come into play in choosing a location for a property, as some areas may be on the here and now, 5, or 10 years into the future.
Current and Future assets
You are the only one who can factor in what you have now, and what you want in the future. Along with these assets come your Real Estate investment opportunities. This is not a requirement in figuring out what you want to buy, but there’s a good chance that you’d like to supervise the property in which you are investing in, personally.
Sometimes this can be used for those who want to buy a property themselves in hopes of storing inventory, such as those who plan to buy lots to construct warehouses or for the case of future investment, there are those who buy properties in hopes of building a business within the area.
This isn’t always the case, however, as some people just want to have an investment only to be under resale. Those people can just place it under the supervision of a local broker.
Where the Local Trends Will Go
The value of Real Estate depends on where business trends go. An advice ideal to find properties that will potentially shoot up in value is to keep up with the local news and read where conglomerates such as Real Estate Developers are buying.
There’s a certain combination of science and art when it comes to the prediction of a good investment, and it cannot be covered with a mere article. This article can only go so far as to say that a good way to get a piece of the action is to listen to Real Estate Developers and attend seminars as to how they’ll shape the future.
Research about the strategies and seminars of the country’s top developers like SMDC, AyalaLand, and the rising giant DoubleDragon, as these developers are normally followed by investors and entrepreneurs. Wherever they go, business follows
Conclusion
The headings above do not give the perfect formula in investing. This article, as stated above, only contributes possible factors that can help you, the viewer, for better decision making. Take everything into consideration, especially the most important one, your goal.
Goodluck!
Author Bio
Nathan Ebol, a leader of a team of professionals who believe in the importance of providing more than just a typical Realty service. Specializing in documentation, loan application and overall knowledge in the field of Philippine Real Estate. Covering the now, and tomorrow,
LinkedIn: https://www.linkedin.com/in/jonathan-lance-ebol-978520121/
