A smart property investor is one who invests his hard-earned money after proper study and research. You should never invest in what you don’t understand. Invest in real estate areas that have long term capital growth and then seek to buy in investment property below its intrinsic value. One should be street savvy and know what and where to buy property and at what price. For example, nowadays Residential Property in Mulund is trending as one of the hottest options for investors.
You can be anyone- a home buyer or an investor but the ultimate mantra is to be smart and well-versed with what you are doing.
Buy well to start with. The two key elements of buying well does not necessarily relate to value, but to buying below the market price and investing in suburbs where the price will appreciate more than other areas.
Before buying think about selling. The endgame is all about selling and making a sizable amount of profit. So the orientation of the property is of utmost importance. See how it is located, secluded position, sunny living areas, good schools, shopping malls, roads and motorways, good neighborhood, should be considered.
Focus on capital appreciation. Don’t get obsessed for cash positive deals; these may end up pushing you into areas that will show low or slow appreciation. [Read more…]