We all have had some experience with real estate , we all
have to live under shelter , whether being a home owner or
a tenant. While we were renting we know what made us happy
and what didn't , and as home owners , we might have
indulge in some home - improvements.
Property investments can be more than just a place you
live. It can be an inflation - proof income - producing
asset that can help us with our own wealth creating.
Statistics show that rental income will rise every 9 years
regardless of economy.
Property is a great investments for many reasons , you have
direct control over the returns , if the property is not
giving you good returns you could add value through
renovations. Property is a very stable market. Property
value rises , on average , every 7 years.
There are also many real estate strategies you can use for
good returns on your investment. Here are three basic
strategies for you to look at.
BUY AND HOLD
Buy and hold is a basic strategy which is , as the name
suggests , buying a piece of property and holding for the
long term . If you use this strategy the key here is to buy
wisely , if you choose well then you are likely to have a
more profitable investment.
BUY , RENOVATE , AND HOLD
Again the name says it all. When a property is successfully
renovated the value of your property should rise noticeably
as should the rent. When renovating you need to be careful
you do not get caught up in expensive and time consuming
renovations. So before attempting to put this strategy to
work , it is very important you have done your home work.
Remember the higher the return the higher the risk but of
course if you have gain knowledge on the market and have
good trading techniques , they will go a long way in
lowering the risks of your investment.
Very few people are able to invest without getting caught
up in the process. It is very important to keep your
emotions at bay. Money will start walking out the door as
soon as you let your emotions dictate your investment
decisions. To keep your emotions at bay , remind yourself
that you are not going to be living in the property and
concentrate on what you think your tenant would like.
Getting caught up in doing the property up is also a bad
way to look at investments. If you over - capitalise , you
wont get your money back. Keep the renovations simple.
You make money because the value of property should rise
over time , as should the rental returns.
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