
Many people today want to invest in resort real estate in Cyprus, Thailand,the UAE. This is quite profitable and at the same time this investment contains little risk. But before you invest in real estate, you need to decide what type of real estate you will buy. There are some factors that need to be taken into account before you buy.
How do you choose the place you will invest in?
The first thing to pay attention to is the location of the object relative to the places attractive to the potential tenant. Such places can be beaches, educational institutions, business districts, developed infrastructure, etc. It is better not to buy houses in areas that are somewhere far away, where it is impossible to sell or rent a house normally.
The state of housing. Pay special attention to this. If the apartment or house requires a lot of repairs, and the owner is heavily overpriced, it is better to look at other real estate options. If repairs are required, but the cost of a residential facility is low, you need to calculate what time and material resources you will have to spend, and calculate the payback period of the object, taking into account all costs. Very often it is more profitable to buy a house a little more expensive, but ready for operation.
Yield.
Before buying a house, you need to calculate what profit you will get from it. In addition to income, you should take into account the expenditure part. The consumables include:
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Simple housing due to seasonality or other factors;
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Repair and repair breakdowns related to the wear and tear of equipment and materials;
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Payment of social services and maintenance of the house during downtime;
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Paying for the services of the management company;
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The cost of advertising the property;
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Taxes (on profits and in a number of countries on real estate itself)