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TIPS ON BUYING AN APARTMENT PROPERTY

Apartments are very tricky type of property for Investment


You must totally think it through. Many first apartement owners are very frustrated and dissapointed.
Some frustrations are :

  1. THERE ARE SERVICE CHARGES FOR THE REST OF YOUR LIFE
  2. POINT 1 ABOVE, AND GETTING HIGHER THROUGH THE YEARS
  3. SOMETIMES WHEN ITS NOT BUILT YET, IT TAKES VERY LONG UNTIL YOU RECIEVE YOUR KEYS
  4. PLENTY OF OTHER ISSUES LIVING IN APARTMENTS
  5. TURNS OUT MANY MORE APARTMENTS ARE BEING BUILT AND THE PRICE IS GOING DOWN EVERY YEAR.


So when your investing in property you gotta be smart. It's call spatial relative recognition to facilities.

Here's are TIPS FOR BUYING APARTMENTS :

1. What is the reputation of the developer ? The dollar is high againts the rupiahs are they still developing? Do they get complaints? Or litigations ? Conduct a background check.

2.  Is it a real apartment or what they call 'rusunami' housing faclity for middle low ? why this RUSUNAMI trap has many people FLOCKING in buying what they thougt to be apartments, and when they decided to go there : THERE ARE LITTLE to NO PARKING LOTS for your car or your tennants car. Cause its actually designed for THE NOT SO WEALTHY, which sorry to say may can not afford to by a for wheel vehical. So check what is the capacity of the parking lot.

3. Ask how many is the service charge ? Is it reasonable ? because it is an expense later for you. Be sure you are aware of what kind of charges there are for you. So you can calculate how much would you list for your apartment for rent.

4. After receiving the key, install your kitchen set. And set your room in a minimalistic interior design.customers like that. Install ethnic art will also boost the price. And make sure it is always clean and tidy.

5. Create good relations with your Realtor or the sales person. Make him the rental sales person for you too. He or she will take care of your property. Create good relationship to the property
management team too. Security, the manager. It won't hurt to have more friends in your circle.

6. Like I said spatial relative recognition. Something I learned in this property school by this dude named Panangian . How far is the distance to a hospital, a university, shopping center, the police station, the traditional market and last but not least THE TOLL ROAD.

7. Find the latest technology to market your apartment, Utilize high ranking sites or blog like this blog, and market it in apps. Did you know that there is such a thing as AIRBnB ? Its a listing app for people that want to rent their property so people can easily reach them.


So happy hunting for your property. And hope you have a nice Return On Investment.


Cheers







1 comments:

London Property Investment Company on August 22, 2017 at 3:27 AM said...
This comment has been removed by the author.