Property investment continues to be trusted as the most strategic sector for investors to keep their assets growing. With high demand and limited inventory, the selling price can continue to rise in a relatively short time.
No wonder many people are planning to sell their homes in the long run. Not quite up there, the property rental business also became a shot by the investors.
Unfortunately, many rental homeowners do not understand how to get a return-of-investment or a quick turnaround.
Choose a Prospective Location
The term prospective is not necessarily identical with the price range is very expensive or very cheap. Usually this is more identical to the area where many people are interested to live there with a variety of reasons.
Look for locations that have a special attraction, or close to public transportation such as commuter line, schools, hospitals and shopping centers. You should match the budget you have with the area that many people are looking for to stay.
Some housing that offers short distance with KRL stations include Kebun Raya Residence, Serpong Suradita Residence, and Cipayung Royal Residence.
Consider Locating Outside the Living Area
Most investors look for properties that are located close to where they live. Unfortunately, not all nearby locations are prospective places.
Try lyrically over a larger area of your residence, this way will also provide safer value for investment assets.
Do Market Research
If you plan to buy a property for rent, first understand the ongoing market trend. Open your eyes wider, understand the potential advantages and disadvantages by consulting with many experts.
The more research done then the chances of your business succeed will be greater. For example, in 2015 the condition of the economy followed by the property is experiencing sluggishness, then this is the right time for you to take advantage of discounts and promos as much as possible.
Usually in the middle of market conditions are quiet buyers, developers will attempt to attract consumer interest.
Don’t Be Too Ambitious
Based on the experience of property millionaires, you must understand that this business still takes time to achieve high income each month. Similarly, when you want to determine the appropriate rental rates.
Generally, the most appropriate way to provide the price tag is to base on the rental yield alias is income per year earned compared to the selling price.
Do Offer Price
As an investor who buys a property for rent, you have to negotiate the price just as much as being the first property buyer. Make a low price offer and do not easily raise the offer.
There are many ways to understand the market before negotiating. Enrich your knowledge of prospects and price increases in the region.
Choose Using Agent Services Or Not
Buying a property is just the first step. Next you have to market the unit of the house to be rented for a monthly or annual period. For this matter you should leave it to the property agent.