Real estate How to identify a neighborhood with potential for a real estate investment

[greenieS]

Investing in real estate is the most profitable, and identifying an opportunity in time can add significant value to your investment. In a dynamic urban environment, a neighborhood that did not seem to be a viable option can turn into a real opportunity.

In principle, long-term rental or hotel rental are the destinations given to apartments purchased for investment purposes. Regarding the hotel rental, the maximum potential is the central area, but for the other way of obtaining a constant income, the area of location expands and becomes more or less profitable depending on the neighborhood.

"Scan" the areas according to the following clues that could increase their potential:

Retail Investments:

If a large retailer intends to build a store in the area or announces projects for the construction of a mall, it will have an impact on both selling prices and rents.

Infrastructure investments:

if local authorities invest in modernizing the area, both in terms of connection to utilities and the network of roads, sidewalks, green spaces, playgrounds and recreation, etc. it will also be felt in the evolution of house prices in the area.

The emergence of a large employer in the area:

if a multinational builds an operational headquarters in the area, it will increase, implicitly, the growth for the residential segment, especially rents.

Average time to sell homes.

Talk to a real estate agent to find out when a property is for sale. If it is short, then the area already has a good potential that will mark a positive evolution in the next period.

 

[Alexandoy]

When we were scouting a home there was this village in the suburbs that we chanced upon. My wife and I agreed that it was a nice village although there are many improvements needed. The roads are not paved and even the areas by the village gate are grassy and no structure. Come to think of it, when the grassy field is developed and the roads get paved the value of real estate would shoot up. That was one of the reasons why we insisted to buy a home in that village. Even when our first deal did not push through we did a search again until we finally found our dream home. This time we were able to buy for 1.6 million pesos. After the years the grassy expanse gave way to a commercial center and the roads are now concrete. There were many developments because the main road is a commercial zone. Our property is now worth 7 to 8 million pesos.

 

[General01]

A good cordial relationship with the people in the neighborhood is vital in the identification of an upportunity .
Without a proper relationship it would be very difficult to get notified even if you've recognized that the neighbors has high chance of selling their property.
Alot has lost very vital opportunity because they never thought it good to develop a good relationship with their neighbors.

And communication is very essential in establishing and maintaining a working and good relationship. That is why It is very important to work on your communication skills.
And when we talk about communication it is not only verbal, it as well includes the nonverbal aspect.
This will as well definitely help in the identification and acquiring a property in the neighborhood

 

[Setho]

Making money from the real estate industry is about how well you can be able to buy a particular property and also how well you can be able to sell it off in the future . That is why it is very important to consider a lot of things whenever you are doing your calculation. The buying of properties in the urban area is going to be more profitable because that is where the large amount of population are staying. Usual also situate the property in a place that is very secured and is away from unnecessary communal clashes .