Before you begin your property search you must first identify your key market area & call one of our property counselors at Trusted Properties KPO Pvt Ltd. and kick start your research.
There will be a number of questions when you decide to invest in the real estate market, weíve listed a few prominent questions that will linger your mind throughout the research process.
- Are you a first time buyer and do know where to start?
- Too many suggestions from family, friends & others.. donít know which one will help you create a successful investment plan?
- Are you tired of renting but are not sure how to afford a good home in your favorite neighborhoods?
- Have you been saving to buy a home but are unsure about where the right place is to put your money?
- Do you want the house that you will live in for the next 20 years or do you intend to work your way up to the house of your dreams?
Donít worry your questions & thoughts will be nurtured and we will help you identify your objectives and setting investment goals which will help you to decide in selecting the most appropriate property of your needs. Each time you review a property you should ask yourself would this property meet my objectives? Some of the specific factors that you should consider are:
Determine which areas could accommodate your lifestyle needs and investigate the market in those neighborhoods. Are they in a healthy state to be buying? Are the prices within your range? Have you done your research on recent sales and average return in investments for properties in your chosen areas.
If you are considering owner-occupying, just because you've chosen a certain type of real estate to improve your financial situation that doesn't mean you should sacrifice what is important to your life. Consider the consequences of living in a property that is not ideally situated to your lifestyle.
Consider whether there is a strong enough rental market in your chosen areas; ask our representatives to help you gather statistics on vacancy rates, etc. You will be amazed to find the market has several pockets where rentals are always in high demand. You will be amazed by your findings about the real estate market in those pockets.
Identify whether the general economic conditions are favorable to investing in real estate (look at mortgage rates, economic forecasts, etc.) Be aware of national, regional and municipal economic conditions.
Determine whether your real estate investment will be short or long term. Most financial experts believe that real estate is better as a long term investment but there are investors who buy properties to renovate and resell and achieve short-term success. You need to know which path you intend to follow as it may affect the type and condition of properties you view. Have an idea of how long you intend to live in your investment. You may wish to continue owning the property after you decide to stop living there yourself. This isn't something you need to determine before you buy but it is good to always know your options and keep reviewing them in your mind as time passes and your situation changes.
Compare your real estate opportunity to other investments (stock, bonds, futures, gold, etc.) Identify what is important to your financial future (short term gain, long term stability, positive cash flow, consistent rates of return, etc.). Taking the first step means opening your eyes to what is happening in the market around you. You will need to educate yourself on the types of residential real estate available in your city in order to better understand the types of opportunities that are out there. Compare different types of income properties in your city to determine which best suits your investment and living criteria.