Home investors only go two ways: to buy or to rent. If you choose the latter, outstanding condominiums such as Park Terraces that is a condo for rent is available if you are living in the heart of Makati City. Residential condominiums like Park Terraces do not disappoint. But if you choose to buy, there are still many for sale residences to choose from around the city. Either way, if you choose to rent or to buy, you should always strive for a win-win deal, especially if you are a beginner.
Real estate deals nowadays are tricky. As a beginner, it would not be easy to distinguish a golden deal from a fraud one. How then can you close up a win-win deal if you are trying to rent or buy a property? Well, follow these helpful tips below and secure your new apartment or home as easy as counting numbers!
Evaluate your financial capability. Can you afford? That should be your first question to yourself. Do not commit into something that you cannot finish. Buying or renting a property in the city is going to cost you thousands or millions of pesos and years of debts. Are you ready for that? If you are, then, home investment is for you.
Set up priorities and goals. Now, this is crucial because this is going to be your tool in finding what you actually want to have. What are your goals? What do you want to prioritize? Do you want to prioritize the location, the price, the amenities, depreciation rate, or the popularity of the property? You can select your top three or top five priority. Make them the criteria of how you are going to choose your dream property.
Canvassing is the key! After having your priorities, it is now the perfect time for you to have options. It doesn’t matter if you are buying or renting a property. Without options, you will not be able to compare and contrast things. With that, search the internet, go to malls and look brochures, or visit all the showrooms you can visit to collect information about the outstanding properties available.
Compare! Compare their prices, amenities, location, unit layout, and all the information that is available to you. Compare and rank them all. This is the time that you will use your criteria for judging which property really is for you.
Build trust from both sides. Now that you already have your choice, you work on property builder’s profile. Or if you will just rent the property, you work on the property owner. Make sure they are not taking advantage of you by researching their past projects or customers. Gather feedbacks. If the feedbacks will be negative, you have to let that dream property go. You don’t want to invest in something that will put you at risk in the future.
Be diligent with your payments. After establishing trust between you and the property owner or builder, it is high time for you to give your end of the bargain. Now, this is where beginner investors fail. Many fail in paying what they invested for. Please don’t go to jail and be responsible enough to pay your monthly dues. Whether you are renting or buying a property, there will always be money involved and that usually comes monthly. So, manage your money and don’t fail in your financial commitments or you will lose your investments.
Invest. This is when we go back to the very reason why you are reading this article. You want to invest, so, invest! There are many ways on how to invest a property that is bought or rented. If you are renting, you can let other people stay in and share the rental fee with you. That would be make your pocket fuller. If you own the property, you stay in the property so that you will no longer spend for your accommodation. Another way is for you to let other people rent it. That way, you generate a passive income and that’s an achievement!
Being a beginner in home investments is tough. The market is now very congested and competitive. Somehow, that should not stop you from your goal. Take it as a challenge and grow from it. If you follow the helpful tips written above, you should not be worried about your investments. Enjoy investing!