Real Estate: 4 Tips for Investing in the Right Property (A Guest Post By Nisha Pandey)

Real Estate: 4 Tips for Investing in the Right Property

Nisha Pandey is not  new to my readers:

I am happy to post yet another guest post here by this tech. writer, an SEO expert, but this post is entirely a different one from her usual niche.   Real estate is one of the vital investment plan these day but the sad part is that many fall into the trap of bogus Realtors.  One need to be more careful when make a deal with such people.  In this post the author is talking about four important tips for investing in right property.

Read on and make a wise decision when you enter into the property deal:

4 Tips for Investing in the Right Property

 

freedigitalphotos.inAre you looking for opportunities to invest in real estate? An increasing number of people (in different age groups) are looking for opportunities to invest in properties of different types – from long term real estate investment for those seeking rental incomes. If you are one amongst them, here are some valuable steps that you should not skip.

1. Look for the Best Areas

I have often seen that this new lineup of investors will restrict themselves in areas which are closer to their homes. It may be a good decision from the point of view of convenience, but those may not be the most rewarding (or even sufficiently rewarding) properties.

When it comes to rental properties, new investors are of the view that they should be available to their tenants whenever there is a need. But it will be more economical and smart to choose your investment property in a rewarding market. If your property is well built and well maintained on an occasional basis, it doesn’t have to be located near.

2. Refer Multiple Sources

One of the mistakes that new buyers often make is just choosing one source for buying property. I have come across many people who would look for agents and sources from within their networks.

While it is more reasonable to refer to multiple sources for buying the right property, technology has made things much easier and fruitful for everyone.  There are real estate listing sites and auction sites that help you find both real estate brokers and property listing in major cities of India. Besides, Internet technology enables access to sellers across wider markets across all the hot real estate hubs in the country. Thus, new age technology is changing the underlying dynamics of how the market used to work, helping buyers/investors reach beyond their immediate regions.

3. Compare Prices & Rents

As a smart real estate buyer/investor, it is important to compare prices and rents in different markets and even in different suburbs within the same market. This is important if you want to determine how your investment is going to repay you. Modern Internet technology is a major factor today that helps you in getting most of this information without leaving your home.

The goal behind finding the prices and rents is to ensure that you will get the desired ROI over your investment. New investors and buyers are more likely to fall for a market (and suburb) based just on the looks. Be smart and do a market research for prices and rents before choosing that market.

Once you have a budget and the kind and size of property you want to purchase, look for similar properties in different markets. This also includes looking at the rents in the different markets and in different suburbs too. This information will help you find the right properties and also determine the amount of rent you will be charged.

4. Don’t Ignore the Tax Laws

If you want to go about investing in real estate, it is extremely important to remain updated with the latest laws. The laws, especially those related to taxes, are stricter than ever. You should know about the local laws, the state-level laws and the central government laws and taxes.

Remember, there will also be differences in the way taxes get calculated. This will depend on the type of property you intend to buy. If you are investing in a rental property, it will also be required to find out what laws and taxes apply to you. In such a case, you will have to seek the help of your tax consultant.

So if you want to invest in any kind of property, it is recommended to keep these points in mind and follow them.

Author Bio:

Nisha-Pandey

Nisha Pandey

Nisha Pandey is a founder at How-To-Make.in and SeoTechyWorld.com and an SEO specialist. Her blogs provide valuable info about the latest SEO, online marketing and digital technology developments and various other tips and tricks on blogging.

Read one of her earlier Guest Post @Philipscom:  30 Smart Ways to Write Traffic-Puller Blog Posts

Thanks Nisha for your valuable time again here at Philipscom 🙂   Keep writing. 🙂   Keep informed

Best wishes.

for Philipscom Associates

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Philip Verghese ‘Ariel’

 

 

 

 

Picture Credit: Digitalphotos.net

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by Philip Verghese 'Ariel'

A Multilingual Freelance Writer, Editor, Blogger, Roundup Expert, Translator, Internet Marketer And A Social Campaigner. Manages different sites in English as well as in Malayalam. Born And Brought Up In Kerala. Now Based At Secunderabad, Telangana, India. Can Reach At: philipscom55(@)Gmail [.] Com twitter: @PVAriel Skype Philva6

10 comments

  1. Hi Philip Sir and Nisha M’am.
    A very important topic you’ve posted here.
    I have inserted all you said in my mind. 🙂
    Though I am not a very rich person to buy property now,
    but whenever I will, I will be referring this before I make a purchase.
    For my future reference, I am bookmarking this page.
    Thanks for sharing.
    Have a nice day both of you.
    Vashishtha kapoor recently posted…10 White Hat SEO Hacks to Rank high in GoogleMy Profile

    1. Hi Vashish,
      Thank you very much for your continued support to my page and for your valuable feedback to the contents here! 🙂
      I appreciate your relentless support to my page, I wholeheartedly express my thanks to you for this.
      Yes, Nisha’s this post is an entirely a different one from her usual niche, and I am sure many Indian readers will be
      benefited by this post. Yes, for you too, you can keep this as a guide when you move on that line. All good wishes
      Best
      ~ Philip
      Philip Verghese ‘Ariel’ recently posted…A P J Abdul Kalam – The People’s President Of India Is No More! A TributeMy Profile

    1. Hi Saurabh,
      Thank you so much for the kind visit and the feedback here as well as at kingged.
      Nice to know that you liked Nisha’s post, Yes, though it’s a different one from
      her usual niche, she did it well for the benefit of those who are going to invest in real estate.

      Thanks again for visiting my page and dropping the news!

      Have a great time of reading and sharing

      Keep informed

      Best Regards
      ~ Philip
      Philip Verghese ‘Ariel’ recently posted…Let Us See If You Read My Emails….My Profile

  2. Hi Philip/Nisha,
    Real Estate is a veritable investment option. To maximize it one needs to be proactive with research of finding the best price, location and realtor.

    I am glad this post has touched on this very crucial proactive step. With modern technology it would be foolhardy for anyone investing in real estate not to make the most of it!
    I left this comment in kingged.com as well.

    1. Hi Sunny,
      Thanks for the insightful feedback to Nisha’s post,
      Yes, its a very veritable investment option at the same time it is a very sensitive area too! If we go ahead with a calculating mind one can have success! At the same time we need to be more conscious, since there are many loopholes too in its dealings! Of course for that in any business dealing it will be there, but I think this is a very serious and sensitive business deal.
      Thanks Sunny for sharing your valuable thoughts on this
      May you have a great time of sharing
      ~ Phil

  3. Hi Philip/Nisha,

    Everyone in my family has been a property investor at one time or other. Most still are, including myself.

    I agree with all Nisha’s points, but I will say that the one family member who stopped investing in property because he got “burned” was the one who didn’t have it close at hand. When a repair needed doing he wasn’t nearby to keep an eye on the tenant and the plumber and he was comprehensively “stung”.

    The other reason he became disenchanted with property as an investment was that he put all his eggs in one basket (one property) so when that became vacant it quickly became a drain on his resources rather than an income.

    Those of us who have managed to build up a small portfolio have done OK, but in the UK at least, the law is very much in favor of the tenant, rather than the landlord – even when the tenant is at fault and the landlord has done their best to be helpful. I speak from bitter and expensive experience!

    Joy
    Joy Healey recently posted…Review of Oktopost Social Media Management PlatformMy Profile

  4. Getting finances in order can be more complicated than we think when it comes to investing. You need to ensure that you have enough money to handle the ups and downs of buying a property.

    This real estate tips help us understand and learn how to choose the right and the best property. It is a serious matter that should be planned and brood over multiple times to decide.

    Thanks for this Nisha, invest right the right place, right property and at the right time, I must say!
    metz recently posted…Link Building Strategies to Boost Off-Page SEO of your siteMy Profile

  5. Investing in the right property can seem a little tricky sometime, but with the right strategy and knowing what to look for, real estate investing can be very lucrative. This is some great advice you have given here, but one more I would add it to check the history of the property as well to make sure there is not any past bills on the property, and also check the deed of the house. Sometimes when someone is selling a house, they may give you water bills or anything that may have not been paid off by the previous owner.
    Lawrence Berry recently posted…8 Bruce Lee Quotes That Will Inspire YouMy Profile

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