Tag: property

5 Advantages of Property Business

Posted on by Louise B. Delia

Property

Every business has its own charm. The property business is a business with various opportunities and risks. But in general, this business has several advantages.

1. Property is everyone’s primary need

We know that there are only three primary human needs: food, clothing and shelter. Board alias occupancy is property. For this reason, the residential buying and selling business is a business with a very broad market.

2. Have a selling value that tends to rise

Property prices that tend to always go up are not a figment. Roughly speaking, humans reproduce and multiply. While the earth does not increase in area, even land can be reduced. As a result, the demand and supply tend to be unbalanced. The need always increases, while the supply of property is not certain. This makes property prices tend to always go up.

3. Low risk of loss

Property is often claimed as an asset with minimal loss. Apart from rising prices, property prices are also not as volatile as other investment instruments such as stocks, commodities, or foreign exchange.

4. Can be used as an asset

If for example your property is falling in price, you don’t need to panic and rush to sell it. The price mechanism in the market will always seek a balance. The fall in prices will be followed by a large market demand and prices will return to normal. Thus, property is indeed suitable as an asset for the future.

5. Protected against inflation

Owning a property does require maintenance costs. But if you save assets in the form of money, your assets will be eroded by inflation. One million rupiah this year, will get smaller in value in the next 10 years. However, property worth one million rupiah today, will increase in price in the next 10 years.

How to Start a Property Business

Maybe you’re not sure where to start when it comes to running this business. Here are some suggestions on how to start your real estate business.

1) Make sure you understand the market

The first way to start a property business is to start by doing market research. Market research is very important to ensure that you are buying an asset at a fair price. So, before you decide to take a property for resale, do a price comparison first.

In addition, avoid making a hasty property purchase before learning everything, including:

  • price information
  • location
  • facility
  • infrastructure
  • business needs
  • climate
  • flood prone area
  • location near the highway

2) Create the widest possible network of relationships

Your name will become more famous as a result of a large and diverse network of connections. That way, it will be easier for you to get property details and more opportunities to collaborate.

3) Seize the Golden Chance

You have to be very careful and not rush into buying property for resale. However, you can act quickly if you find the right property in the right place. The sooner you take risks, the closer you are to making a profit.

4) Honest

Honesty is the cornerstone of every business because it is honesty that fosters customer trust. When customers trust you, it will be easier for you to win their hearts and convince them to buy your property. Furthermore, being honest will increase your credibility with customers, enabling your business to run smoothly in the future.…

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How to Invest Property

Posted on by Louise B. Delia

Property

Here are various ways to invest in property, which include how to invest in property for beginners (young people), property rental, property flip business, and online property investment.

Property as an Investment for Young People

As previously explained, property is not limited to only parents, property is also suitable as an investment for young people such as students. Even though it looks promising and tempting, as a beginner, of course, you still have to be careful and don’t be in a hurry to take steps. Therefore, let’s try to apply the following property investment methods for beginners.

1. Choose a Strategic Location

One factor that needs to be considered is that the property buying process is not easy. Therefore, choose a strategic location and easy to reach. This will also affect the selling value of the property.

2. Market Price Research

We recommend that you do market price research in order to find out the market price of the desired property asset. That way, you will be able to get the best price as well as maximum profit in investing.

3. Find a Trusted Developer

In addition to market prices, you also need to find a trusted developer with good performance. It is better to choose a developer with at least 5 years of experience in the property sector.

Also pay attention to the facilities offered are adequate and in accordance with the price. Because this will affect the selling value of the property.

4. Prepare Funds

After the three steps above, you can start calculating and preparing the funds. The costs that must be prepared include a down payment, a sign-up fee from the developer, and installments if you choose to pay by credit.

5. Submission of KPR Approval

You can also apply for a mortgage approval to get a payment waiver. In addition, mortgages can increase vendor confidence in your investment intentions and minimize the failure of home buying and selling transactions.

6. Choose the Right Tenor

The next property investment tip is to choose a tenor carefully and according to your financial capabilities, usually mortgages offer tenors ranging from 5-10 years. Also make sure the land purchase letter is valid, complete, and there are no delays.

Rent Property Investment

The advantage of investing in rental properties is consistent profits. Even if the income is less than the mortgage payments, if you fund the property and associated expenses, the rental property will provide you with a regular source of income.

Leverage can also be utilized by rental property owners. This is because you can buy a rental property with borrowed money. As a result, you will begin to benefit from owning a rental property by spending only a fraction of the overall value of the property.

You also don’t need to think about using other assets to get a loan because this is the role of property.

Property Flip Business

Who says investing in real estate costs a lot of money? This assumption, however, can be debunked if you use the right strategy when buying assets. Of course, the flipping technique is one of the strategies, as well as an example of property investment with a minimal budget.

You can get a house with little or no start-up capital if you follow the steps correctly. This is why flip property is suitable as an investment for young people.

Online Property Investment

The next way is online property investment via the internet. Apart from being online, this form of investment is also known as crowdfunding. This way of working is certainly very helpful for those of you who have financial limitations.

Simply put, online crowdfunding investments are achieved through digital joint ventures with other investors or through websites. According to reports, you only need to deposit 1% of the property’s value as a down payment.…

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Selling Some Property? Get Some Helpful Advice

Posted on by Louise B. Delia

When it comes time to sell your home, your rental property or commercial space, there is a lot to consider. Take the time to read the tips and information in this article, to get a head start on your sales project. You’ll be glad that you did.

Homeowners often find small tasks such as paint work, lawn maintenance, and repairs to be annoyances. You want to make sure you are on top of all these jobs so that you don’t have an overwhelming task one day.

Making inexpensive upgrades to your kitchen can improve your property value and increase the appeal to buyers. For instance, you could replace an old ugly appliance with a new, modern focal piece. Try adding a wooden block island in your kitchen and some storage that is hanging from your ceiling. Instead of changing out old kitchen cabinets, consider giving them a fresh coat of paint.

Make the home more inviting as you show your home to potential buyers. Light a candle or two, set out a plate of cookies and it will be easier for them to feel welcome as they tour your home. If you have vibrant colors on the walls, consider a quick paint job prior to showing it, in order to make it easier for a buyer to picture himself living in the space.

Taking advantage of web technology will give you a huge advantage in selling. You will not only be reaching a wider audience if you showcase your home on-line, you will also save considerable time by featuring benefits with pictures. By the time a prospective buyer walks through your physical door, they already have a predetermined interest and a good idea of where everything is.

Few things are more enticing to prospective buyers than a freebie or an attractive offer. For example, brand new appliances or window coverings are a great selling point. Such a bonus added to the house itself will motivate buying. Look at what things are in demand, and what you can afford, before you close the deal. Doing this will increase your success rate.

If you are working with a home seller personally, do not let him or her in on any information about your move. This information could be used against you in negotiations that are held in the future. If they know about how anxious you are to get into the home, they are less likely to come down on the asking price.

Many elements are considered when figuring out the value of a property. Things like the location, the school district, size, condition and properties that are comparable to yours that are on the market or have recently sold. It is much easier to hire an appraiser to do the math for this step of home sales.

Having this information will definitely give you the advantage when selling your real estate. Knowledge is power, especially in this business. Selling a piece of real estate can be a long and tedious process, but with a little bit of help, you can make it as quick and painless as possible.…

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