If you are venturing for the first time into the world of real estate investment, and want to be successful, Kohli Tej’s article will help you do so.
1. Investigate in detail
Make sure the area you are considering buying in is in demand. If you want to re-sell then then it is important to be sure that your property is in an area saught after by buyers.
2. Do not let others change your mind
Trust yourself, sometimes even the experts can be wrong. Take advice from different experts in the field, then get a neutral opinion taking into account factors such as:
a. What type of property you are looking for?
b. Where is the best location?
c.What type of tenants are you looking for?
3. Compare, compare
Be it for re-sale or for rental, it is essential to have data for comparison.
4. Have the money ready
If you have the resources ready to be disbursed before you start looking, you will be able to search and analyze the different opportunities with confidence.
5. Hire the right people
This is fundamental to the success of the venture.
Source: StockMarketsReview.com
More on this topic
May 2011
In Panama, the construction sector is seeing the same high levels of growth that existed before the crisis, however residential properties prices are falling.
Unlike other countries in the region, the effect of the global recession of 2008 on property investment in Panama was not very serious. The slight impact resulted in a small reduction in prices and a decrease in the growth rate of new constructions.
February 2010
The rental market remains dynamic, with supply adjusting to smaller corporate and residential budgets.
With the end of the crisis at sight, real estate agents update their properties, modernizing them, remodeling them and creating new spaces.
Elsalvador.com published 5 articles (in Spanish), analyzing this market from different perspectives:
April 2012
The Panamanian group of companies, Convivienda projects sales in 2012 amounting to $665 million with the delivery of 7,429 homes.
The director of the national council of housing developers, explained that the with the Preferred Interest Act raising the ceiling on the value of homes which can benefit to $120,000 will help...
October 2011
The housing development project will require an investment of $50 million in the first year alone.
The first phase of construction of the mega development, which will incorporate residences, medical clinics, shops and offices, begins shortly.
During this first phase of Paseo Cayalá, complete construction of which will take 15 years and consist of 63 hectares, houses, shops, restaurants, jewelry stores, and barber shops, among other things will be constructed in 7.2 hectares.
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