There’s a lot of people won’t tell you when you start an investment campaign in real estate. This drive can give you really good returns but it’s a high-risk zone. Kid-you-not, there have been cases of investors putting in crores of capital with meager returns of few lakhs. To avoid that blunder, Arun Dev Builders Ltd suggests the following ideas to play the real investment game safely!
You need to start doing your own homework on the real estate investment markets. Don’t jump to conclusions and keep away from shaky friendly advices. You don’t want to be caught up in a hurricane of wrong decisions and huge money-loss.
Take the long hard road
Don’t even think of short-term investments. The quick way of short term gains can lead you to a desolated low-paying highway and waste your time.
Don’t rely solely on the market
Real estate investments are subjected to market risks. We’re sure you completed the rest of the sentence in your mind. Invest in the market based on the trend and not because you have the money to do so.
Keep the cash-flow positive
Always buy a property that has a positive cash flow.
Set your priorities
According to Arun Dev Builders Ltd, make sure you have a clear-cut idea of your investment plans. You’re more likely to succeed in your ‘money’ adventures if you have the financial planning postulated as quest goals (like in video games). The plan can include the number of properties you want to acquire 5 years down the lane or yearly return you want to maintain.
Understand the trends
You need to keep a track of the market trends and factors affecting the realty prices. It’ll help you make wise decisions.
Hop through markets
Don’t focus on more than one regional market at a time. Keep your property list diversified across different economic capitals. So, if you have a good amount of real estate in Delhi then it’s time to move your chess pieces on Mumbai.