6 Things That Can Turn Your Property into a Money Maker
2) Seek promising location for good cash flow:
Location plays a key factor in real estate to maintain good cash flows. If you are planning to invest in property, research work is a must thing to start with. You need to seek locations that will fetch price appreciation in long run. Avoid buying property in locations that may give negative cash flows. So, to avoid such situation, it is better to seek good opportunities in locations you a planning to invest in.
“The area should have good potential as an employment 'catchment'. Above all other things, it is job creation which drives demand for residential real estate," said Om Ahuja, CEO, residential services, Jones Lang LaSalle India, reports Economic Times.
Also, when investing in property, ensure that the both the physical and social infrastructure facilities of the location are in good growth, as well connected infrastructure plays a key role in price appreciation in future. Adding to it, physical infrastructure facilities like roads, transportation, water, electricity and social infrastructure facilities like education, healthcare, malls and markets.
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