Monday, June 15, 2020

How to make money in real estate: 6 essential tips

 

Knowing how to make money in the real estate market requires patience and planning. This is because this scenario varies according to the law of supply and demand, in addition to depending on the consumption relationships themselves.

Thus, the objectives of buyers or families looking for residences to rent end up influencing the high-rise properties to invest, based on the size of the house or apartment, the most sought-after neighborhoods and, also, the regions on the market.

How to make money in real estate: 6 essential tips

Check out our article, learn how to check these issues and learn how to make money in the real estate market. Come on!

1. Try to understand the market

The essential tip for those who want to invest in the real estate market is to know this universe, precisely to assist in making the best decisions: a good investor, for example, knows that buying real estate in times of crisis can bring great profits, considering the natural decrease in prices of apartments and houses.

For this reason, it is important to try to understand the market, observe the developing regions in your city , research about the average prices requested in the most different neighborhoods and seek information about new developments, such as major shopping malls and reforms in important highways or roads.

Keep an eye on these issues, talk with understands and don't be ashamed to get your questions answered. Be proactive and know that this first tip can make all the difference in the real estate investment business.

2. Form an investment group

A good suggestion is to bring together people who understand different subjects to form a multidisciplinary investment group. Talk to that lawyer-in-law, your husband's friend who is trained in accounting, use your architecture knowledge and complete the team with your cousin who works in the financial investment sector.

It is not necessary to have experience in the area, but to rely on goodwill and act with a common objective, that is, to seek to produce positive results in the real estate investment sector. There is a popular saying that two heads are better than one and, in this case, the more members make up this group, the greater the chances of good real estate deals being made.

3. Invest in land

Land investment is one of the best possibilities in this sector, as they are great generators of wealth. This means that, if you choose the right region, a small investment of R $ 10,000 can generate millions in your account in the future. That's right!

As the real estate market in Brazil experienced an important recovery this year, large construction companies started to sell more projects in the plant. Thus, buying land in neighborhoods with potential for growth or close to large shopping centers can generate a good profit in a subsequent resale, mainly for construction companies that wish to invest in large lots.

4. Assess investment in real estate at the plant

The investment in real estate in the plant is constituted by a certain risk, precisely because there is a possibility that the enterprise will not become so attractive in the eyes of the consumer. Therefore, buying a property in the plant for a future resale or, even, for its lease, needs to be a thoughtful attitude.

In the same way that the investor must pay attention to the development of the neighborhoods of his city as a way to choose the best enterprise to invest, it is necessary to evaluate all the details of the new condominiums, houses or apartments.

If the intention is to put the property for rent when ready, it is worth analyzing the infrastructure of the region - if there are shopping centers, pharmacies and markets in the vicinity. In the case of condominium developments , also evaluate the benefits of this location for the consumer. If your purpose is to make a future sale, wait for the delivery of the keys. During this period, the search for developments increases and, with it, the price of real estate.

5. Know the importance of investing in used houses and apartments

There is a television program in which two brothers - an architect and an engineer - are looking for used properties in less than good condition in order to buy and renovate them. In the end, the duo resells the renovated houses and puts the values ​​on paper: the profit is certain, even after the expenses with the renovation are accounted for.

This same tactic can be used by real estate investors. However, it requires technical knowledge of the construction industry and, if you need to hire a professional, the costs can be even higher.

It is worth a try: look for older properties and in less-than-adequate conditions precisely because their price will be lower, plan a good renovation, and then resell or lease. Either way, the chances of getting a positive return are high!

6. Build real estate to make money

Finally, the construction of houses, kitnets, commercial establishments or even small apartments appears as an idea that requires more investment, but that, on the other hand, makes great profits possible. The purpose of this construction can be resale or lease, to guarantee a monthly income.

If your intention is to guarantee a good flow of money per month, either for retirement or for the payment of other debts, the tip is to put the built property for rent. If your goal is to guarantee a high amount and at a single time, the sale of the project appears as the most correct decision.

Therefore, investors with good savings end up choosing to build real estate. If you have that option, go ahead and don't regret it!

Knowing how to make money in the real estate market is not a simple task, but neither is it an impossible task. If you are interested in this sector, seek to understand about the market, form an investment group and understand the benefits of each type - namely, the purchase of land, old properties and developments in the plant and also the construction of houses or apartments. Evaluate the best time to invest and reap only positive fruits!

Interesting the information covered in this article, isn't it? If you have any questions, leave your comment in the post and we will respond to your request!


No comments:

Post a Comment