The real estate scenario in India has undergone a paradigm shift in the last few years. While it is still a prized possession to own a property, investing in real estate per se has become a different matter altogether than what it used to be traditionally.
To invest and make money in real estate in India, you need to break away from the mindset that only buying a property (and becoming a landlord) will help you to qualify for this stuff. You’ve got to explore the different options that are there to be able to make the most of it. In this post, we are highlighting a few of the most viable options that you can check out.
So, here you go…
Tip #1: Research before investing
To invest and make money via real estate investments you need to research. And, you need to research a lot. It’s a good idea to hire the services of a professional real estate agent to help you in this; nonetheless, it’s a better idea to do some basic homework before you take the plunge. Whether you want to move into the new property or keep it as an investment to sell it off when the price escalates, you need to be sure of the property first. The developers, the quality of material used, the location and amenities available in the property, and so on. Once you have the facts in place, you’d be in a better position to pick and choose.
Also, with a myriad of real estate options available, it is easy to get carried away. To avoid this, it would be great for you to research before you commit.
Tip #2: Consider the risk factors
While you are researching, don’t miss to calculate the risk factors. This encompasses the real estate companies/ developers you are interested in investing in; property dispute if any; loans, etc. if you are opting for; and market rates among others. Not assessing the risks can affect your decisions negatively in the long run. And, since property investments should be done keeping in mind the long-term benefits, risk factor assessment will only help in making a confirmed decision.
Tip #3: Patience is the key
Irrespective of whether you plan to move in yourself or put it up on rent, you need to be patient. Real estate investments require time to mature completely and yield the results you’ve been expecting. From getting the best deal to materializing the benefits, patience will surely be of great help to you. No property unit has returned in multiples in a few hours – don’t worry when yours doesn’t. Stay calm and stay focused.
Flipping properties is an out and out winner when it comes to investing and making money in real estate. But, to be an expert, you need to research and find out the best deals in your locality – the best bargains will keep your investments safe and generate the desired results!
Tip #4: Check out the different real estate options available
This is 2019 and definitely worthy of trying out more options as compared to the ones you’d have tried out a decade or two ago. From co-working spaces to co-living spaces and from student housing properties to warehousing options – you have choices aplenty when it comes to investing and making money in real estate business. You don’t even need to be an owner of a property to be able to operate such a set up and make money. Today, you have the option to operate only rather than also being the landlord. So, fewer the roles (and duties), lesser the hassles.
Some of the best real estate developers in India have come up with interesting options and you should be able to find many lucrative options to choose from.
Shared spaces are offering an organized market where rental income can be generated in a worry-free manner and that too right from the beginning of a project.
Tip #5: Real estate ETFs, Mutual Funds, and REITs
Real estate investors who don’t want to be tied down by the hassles of owning, managing, and holding a physical property can look up this option. You can wisely invest in a fund that focuses on real estate and even earn the benefits of such an investment without having to own a physical property. The best about this option is that these are managed by professionals who do the research and choosing for you and even offer you the required transparency so you are on top of things (and your hard-earned money). Whether it is residential real estate investing or investing in a commercial property, you have a number of alternatives to choose from.
Address of Choice, as your preferred real estate partner, can help you find the right properties for investment for you. We can also guide your investments by helping you find the right channel depending on your budget, preferences, and vision (long/ short term). Thanks to the different regulations (REITs) and several lucrative real estate investment options, this industry is now bright for both – real estate developers as well as property buyers.
Are you ready to get set and go?