Many people invest in property. property is considered the most valuable investment instrument and you have nothing to lose when you invest in property. You can choose properties like condominium as an investment. Piermont Grand EC is one of the condos that is often chosen by many people. Located in a strategic location, this condo has been chosen as an investment.
Unfortunately, there are some mistakes that are often made by investors when investing in property. these are some of his mistakes.
1. You didn’t choose the right location
Choosing a location is the main point of property investment. If you can choose a strategic location, you can sell your property at a high price. Different stories, if you choose a location that is not strategic, remote, and far from public transportation, it will definitely be difficult to sell.
Before choosing a location, conduct a survey directly. Are these locations easily accessible, are there public facilities, and are not prone to disasters? This is what you must consider. You also need to read residential trends in the community. Who knows, the place you choose will now have a high selling point in the future, right?
2. Make no estimated costs
Already many beginner investors are confused because they don’t make a cost estimate. Everything needs to be well planned, especially when it comes to investment. So, do not just start investing even though there are no long-term plans. At a minimum, you must estimate operational costs and profit calculations. Approximately, how much capital is needed until you can return the funds later?
3. Be selfish
You must do an investment property with many people. You must work with them. You cannot be selfish if you want your investment run smoothly. You must communicate with agents, employees, and banks so that your business runs smoothly. In addition, you also have to communicate with prospective buyers.