| You work hard to earn and invest your
| |
| | inspection, you must note the general
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| surplus in the hope of a higher return.
| |
| | environment of the locality. The level of
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| Investment property is the ideal choice
| |
| | infrastructure, proximity to educational
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| because you receive regular inflows of
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| | institutions, healthcare services, banks
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| rental income and benefit from capital
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| | and other facilities make a big
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| appreciation over time.
| |
| | difference to the attractiveness of the
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| There are several avenues to park your
| |
| | property. If you chance upon a property
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| funds. Not all of them have the same
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| | in an off-the-beaten track area, consider
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| risk-return profile. If you invest in
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| | its growth potential. Talk to experts and
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| bank or trust deposits, fixed interest
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| | go ahead if it shows promise. Otherwise,
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| rates mean fixed income over a time
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| | just forget it even if it comes cheaper.
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| period. This does not cover for higher
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| | • General condition of the property
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| outflows on expenses due to rising
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| | determines the repair, renovation and
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| inflation. If you are adventurous and
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| | remodeling costs. An objective inspection
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| invest in stocks, the ebb and flow of the
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| | by a property inspector would give you a
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| market affects your fortunes. From a
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| | fair idea. Bargain hard if you feel that
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| millionaire you could go bankrupt
| |
| | the repairs would be extensive.
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| overnight, as the market corrections are
| |
| | • Different people have different
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| generally volatile.
| |
| | property needs. So, match the
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| Investment property is fairly insulated
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| | socio-economic status of the population
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| from such shocks. While the long-term
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| | in the given locality with the
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| outlook is always favorable for real
| |
| | suitability of your investment property.
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| estate, changes in the short run could
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| | Rich folks and tourists like mansions and
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| have some impact. Nevertheless, it
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| | vacation condos and middle class guys
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| commands more favor than any other
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| | would be content with apartments or
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| investment avenue.
| |
| | units. Choose your investment with the
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| Investing in property calls for
| |
| | target user group in mind. This way you
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| systematic approach. Here are three
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| | would never go wrong about the potential
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| things that you must know before making a
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| | income stream.
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| final decision:
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| | Copyright © 2006 Joel Teo. All rights
|
| • Location of the property is the
| |
| | reserved.
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| first criterion. On your personal
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| |
|
