Tuesday, April 1, 2008

Property investment

In his book "How You Can become A Multi Millionaire Real Estate investor", Milan Doshi points out the following factors you must consider before you part with your money:

  • Invest in high-growth areas where land supply is limited. The demand for such properties are high and prices will go up.
  • Buy 10 to 20 per cent below market price. This will ensure that you make money at the point of purchase.
  • Do not buy properties facing the setting sun. This is to avoid the impact of the heat. Properties facing the west will fetch 10 to 20 per cent lower than those facing the east.
  • Buy properties facing parks or lakes. They fetch a premium over others as these properties are breezy and cooling.
  • Corner lot is always a better buy. For one thing it's easier to carry out renovations, and for another it has a wider frontage if it is a shop.

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