In addition to preparing the funds, you should know some tips for buying an apartment for investment, condo prices spike up so you don’t lose. Here are the tips:
1. Buy as early as possible
The earlier you buy a property, the greater the chances of getting a profit. This is because property prices are increasing day by day. Buying property in the early days of marketing will also get a cheaper price.
Even better if you can get an apartment that is still under construction. The price can be a difference of up to tens of millions of rupiah than buying it when it was launched .
Make sure the developer is trusted so you don’t experience problems that will make you lose in the future.
2. Conducting Surveys and Research
Tips for choosing an apartment for the next investment is to do a survey and research before deciding to buy. One important element that must be considered is location. Location determines whether your property can be a profitable investment or not. Choose an apartment located in a strategic business or industrial area, and close to public facilities and other important areas. The more strategic the location, the higher the selling and rental prices.
3. Apartment Facilities
In addition to the strategic location, you also have to consider the property facilities to be purchased. For example, it is close to a mini market or a fitness center is available. Apartment facilities can be a special attraction for prospective tenants and buyers. Because the more complete the facilities provided, the easier the activities of the residents will be.
Another important facility that needs to be considered is the security of the apartment. For example, 24 hour security is available, CCTV is available, and there is a parking lot. With various important facilities, your apartment will become the ideal property that many people are looking for.
4. Choose a Property with a Low Price
If the purpose of buying an apartment for investment is your first experience, you should not spend too much at the beginning. Keeping expenses to a minimum will keep you in a safe zone with low risk. This way, you can try various opportunities while learning more about property investment. In essence, don’t lose a lot of capital because you take investments with big risks.
5. Ensure Land Status Security
Tips for buying an apartment for the next investment is to ensure the security of your property’s land status. This is very important to avoid cases of land disputes for leased land. If such a case occurs, you will have to deal with complicated legal matters. Your property assets also have no investment value, thus making you lose. Use the services of a notary before the property purchase transaction, to check the land status of the property.
6. Choose Trusted Developers and Managers
Choose an apartment built by a trusted developer, especially one that already has a good name in the Indonesian property world. In addition, a trusted property developer must have experience and understand the needs of consumers.
You also need to find info on the funds used by the developer. Usually developers use personal funds or bank loans. We recommend choosing developers who use their own funds. This is important so that your property is safe from the risk of being confiscated by the bank.
Furthermore, you can also find out the manager of your target apartment, and make sure it has a good reputation and international network, so that the apartment you choose to invest in can experience a higher selling or rental value.
7. Understand the Risks and Benefits
Having passive income may be one of the reasons you choose an apartment to be an investment. The money you get can also increase every year without you having to take care of it every day. Not only that, the selling value will also continue to increase if you get the right property.
However, behind the advantages and benefits that you can get, property investment also has some risks that you need to pay attention to. One of them is income from rental fees which apparently cannot cover installments or apartment installments.