4 Things to Take into Account Before Buying a Property
The most vital part of an investment is to make a market analysis which is a basic element of the guidance for rational and reasonable choices. You can make some research about market analysis or you can get consultancy. Do not forget to assess updated values of your property, make it often.
When checking out a house, location is always in minds. It affects both seller and buyer in terms of propensity to buy/sell and value. In the past, only thing that matters is if it is close to somewhere I choose or not, but not anymore. It should be now considered that appraisals in value in districts change the prices immediately.
Central places consisted of crowded avenues, hospitals, schools, universities, shopping malls, transportation are always preferred ones to buy residential properties. It is also important for investment purposes due to their effect to the value, especially means of transportation like subway, metrobus and tram.
Return on Investment
If you want to make a profitable investment, then you should care rent value of a property. Rent ratio which is calculated as annual rent income divided by sales price should be less than 24,7 to be seen as a profitable investment.