Property investment is a promising business indeed. It has been proven in which although the economic condition is not good, this business still can run well. You can try the following investment tips to make your business more successful:
1. Time value
In property business, time is money. Land price will continue to increase because land in suburban area is considered lower than the one in urban area. If you want to start a property business, you should also learn how to manage your time value.
2. Gap zone
Property price varies in some areas. The property sale price in a n area can be much higher, and vice versa. This is what is called as gap zone. If you want a successful property investment, you should consider the gap zone in a certain area thoroughly.
3. Future Development
Future development is influenced by the development of a certain area. Whether it develops rapidly or not will affect the property sale value. Thus, you should be smart in reading a development map in an area. Pay attention to the construction of freeway or tollway since its existence can increase the land price.
4. Follow the King
If you are still a beginner with a quite small capital, don’t insist to become a pioneer in a certain area. Pioneer is an investor who must be ready with a huge investment for advertisement and market education. Therefore, if you just start this business, simply become a parasite first. Follow the King, and you will succeed.
5. Buy high sell high
If you have a big capital, do not hesitate to buy property with a high price if you think it is quite strategic. If there is a house sold in a high price, other houses’ prices will increase too.
6. Switching property
You can switch property by buying a mall or apartment building and sell it in a low price. Change the function of the building, e.g. into a hotel. You can also simply add gimmick by changing the strategy, e.g. relaunching with a new label. Offer small units with a longer installment period.
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