Choosing Between Buying Or Building An Investment Real Estate Property For High Real Estate Returns.
The activities that real estate is concerned with ranges from the development and construction of townships, housing and commercial properties to the maintenance of the existing ones. High Net-worth Individuals, financial institutions and other individuals looking at viable alternatives to invest their money in among stocks, bullion, property and other avenues have been opting for real estate. Real estate investment provides stable and predictable income through income and capital growth of the money invested. Residential, commercial office space and retail sectors investments are some of the specialty in real estate. The risk involved in real estate is a high entry price, suffers from lack of liquidity and an uncertain gestation period. In order to make your real estate investment a success, you will need a beneficial marketing plan and then practice a disciplined effort to the marketing plan.
The major participant in real estate investments are the high net worth individual and financial institutions who invest in both commercial and residential properties. Real estate investments funded by foreign direct fund are very minimal due to the many restrictions imposed on the funds such as a minimum lock in period of three years, a minimum size of property to be developed and condition for exiting. The construction sector of real estate is one the highest employment sector of the economy since it employs a large work force including a considerable number of unskilled labour and directly or indirectly affects the performance of many other sectors positively.
In order to succeed you must ensure that you market your real estate business and ensure that the rendering of the investment information to potential customers is done in the right manner which includes providing contact information for the clients who may be interested. The various marketing strategies that you may need are classified ads programs, ads in the “Freebie” papers, putting bandit signs or road signs, flyers and bulletin board posting, business cards, clothing, imprinted and promotional items such as pens and key chains. This makes people aware that your business exists and they can also get the contact information easily when they are in need of it.
When you are buying a property to invest in a high return real estate you should ensure that the property is in a good location as it spells the true value of the property, condition of the home and make sure it has no legal obligations such as previous tax requirements. Investment in newly built properties is preferred to already existing once because the properties are modern and in good conditions needing no repairs and hence they have a higher return rates.