Tips on strengthening an individual’s real estate portfolio
Real estate is synonymous to a lucrative investment avenue and hence building a strong real estate investment portfolio mentioning the impressive list of real estate assets will only direct towards a commendable financial growth.
Follow these effective guidelines to maintain a strong real estate portfolio:
1. Evaluate your finances
Prior to all steps the first step an individual must do is to conduct a cost analysis after listing all the assets held by him to give an estimate of the budget you can allocate for property investment. Keep 25-30% aside to garner profits from investment.
2. Property type
Plan an appropriate strategy for investment in accordance to the property type so as to maximise output. Be it a vacant land, residential property or even commercial space, identify the core reason for investment from rental returns, tax benefits and capital appreciation.
3. Assess location and property
Conduct a thorough research on the location and the property either through site visits or by browsing online real estate portals. Also, consider the price trends of that area, its resale price and scope for future price appreciation.
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