By Stevenson Van Derodar
Lesson 1: Own a property while you are young.
Honestly. Real Estate is for the young. It doesn’t mean though that when you are old you can’t own one but simply it implies that the earlier the property is of use, the better.
Lessen 2: Choose the location’s best advantage
There is something about location. Location defines value and predicts revenue. When you decide on a property, choose for the best location. The higher the zonal value, the better.
Lesson 3: Property management must work
For what is a property that is grand yet not well kept? Not only pertaining to your unit but the property management in general. Property management is an important key that makes or breaks property saleability.
Lesson 4: Make money from your property. Rent it out.
Depending on your target market, one thing for sure to take note of, make your unit appealing to the tenants. To make it very much appealing, it has to be accessible to major economic points. Malls, Churches etc. A walking-distance feature is a perfect offering to everyone.
Lesson 5: Security is a major concern, assure the place.
If locals would not be confident with your place how can you expect foreigners to be?
Many a foreigner, do not live outside Makati. Much more Foreigners hate traveling outside Makati and Quezon City.
Lesson 6: Appreciation. What’s in it for you?
Make a graph on all of your expenses on the property as well as to the property valuation it has attained. When your property’s scale is up compared to the neighboring properties, it indicates, your property is much better.
Lesson 7: Resale Value. Can you dispose your property right-away?
One truth that you need to know, your property must have resale value. The greatest failure for property owners is not being able to sell the property when it is for disposal.
Your property’s best value is when you can easily get buyers when you need it the most.
Obviosly, for it to be that resalable, the project must be well worth it.