5 Tips To A Profitable Real Estate Investment

Ben Layman May 29, 2015 5
5 Tips To A Profitable Real Estate Investment

Whether you are buying or selling a property, you want to get good returns. Here are some real estate tips to determine which property is worthy of your investment:

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Via DigOnline.org

Tip #1: Study local price trends

You should start with the current price trends in the area where you are about to purchase a property. Is the price of homes accelerating faster compared to other areas? How does the average home price differ from neighboring towns?

This knowledge is very important in order to buy properties at the lowest price possible. Your best source for recent sale prices could be local newspaper, the internet, realtors, and real estate agents.

Tip #2: Look for signs of growth

It is profitable to invest in a growing community. If you spot new developments, this means that a property will be desirable in the future. Are there new schools, roads, shopping centres or other infrastructures being built in the area?

You can take a drive and explore the place to know all these things. You may want to visit town hall to get an idea of the major projects which are about to begin in the area.

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Tip #3: Know your tax alternatives

Normally low property taxes will be more in demand. If you are not sure about tax structures, you can seek advice from your trusted agent.

Another option is to visit the local tax assessor and ask how much the tax charge is. Be prepared especially if the town is eyeing to accommodate people. Property taxes may go up as there will be reassessment in the future.

Tip #4: Check rankings of schools in the area

Good schools are desirable to parents as they can provide their children quality education. This is a big selling point to property buyers. It is for this reason that most investors should look for schools that are moving up the rank. You can check some education website to find out how the school in your prospective area is performing. Alternatively, you can visit the school to get needed information.

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Via Web-School.in

Tip #5: Watch areas in close proximity to major cities and towns

Properties near major cities and towns will soon be in demand. Watch the outskirts. The areas where transportation is accessible are even more desirable and would likely to increase their value over time.

Know the market and make money in real estate. You can have a profitable real estate investment if you apply the above mentioned tips.

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Photo Cred: RealEstateFriend.org

5 Comments »

  1. avatar
    Vivian Chue May 29, 2015 at 6:15 pm - Reply

    Hi there! <3 You found me on Twitter. <333 I find your advice really, really interesting. I don't know much about real estate & this article was really very enlightening for me. My father actually just recently got a real estate license for the state of New Jersey & he hasn't found very much success so far. I will be sure to forward this to him. Thank you so much for your dedication & loyalty. Much love, Vivian <3

  2. avatar
    Luis Peñaranda May 29, 2015 at 10:31 pm - Reply

    Good Pieces of Advice to Be Profitable!!!

  3. avatar
    Adeyemi July 12, 2015 at 5:01 pm - Reply

    The owner of this site should quickly remove my contents from this page. The contents was copied from my site . http://www.laoluallsuccessrealtors.com

  4. avatar
    Jino Lagajino January 19, 2016 at 3:12 am - Reply

    Thank you for the article. I agree with your 5th point about choosing areas in close proximity to major cities and towns. One such area nowadays is Cavite. While prices of house and lots in Metro Manila shoot up quickly, there are still affordable house and lots that can be availed in Cavite. Micara Land, Inc. offers affordable house and lot in its project, Micara Estates-Tanza in Cavite. Strategically located and highly accessible, Micara Estates-Tanza is only 30 minutes from Coastal Metro Bus Station, via Cavitex. Makati is just 2 rides away! More importantly, price of a 3-bedroom house and lot starts at below Php 1M.

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