Wednesday, March 5, 2014

Houses Vs Land: Investors Viewpoint

Buying land or a house depends on the buyer and their purpose for buying. You can buy land at much lesser price than a house. You can choose to increase your earnings by buying land at cheaper rates. You can build up a fence around the property. You can get land at fairly reasonable prices, which is easily affordable to you. You do not have to worry about a financial organization financing you, and there are less issues with other household charges. If you want to sell your land at a higher price than what you have bought it, you can simply put your land details online. There are many websites, which offer services free of charge or at minimum charges. If you have bought the property at an affordable rate, you can choose to sell your property to a wide range of buyers with different budgets. If you choose to build your house on the land, then you can build depending on your budget, with a small or a big house and many other facilities. Therefore, venturing into land investment can be very fruitful. The land investment is less money and less time consuming. Similarly, let us take a look at the housing property and its benefits. When you buy a housing property, you get a ready made house, which you can use for commercial means. You can put your house for rent and create earnings.

In order to use your house for commercial means, you can look into some aspects before buying it: • The house should be near public facilities like transportation, shops and schools. • Nowadays, a family requires spacious houses with 2 bedrooms at least; therefore, on the basis of demographics of the area and people residing, you can select your property. • It is better to have a house which is closer to the city, at least within 50 kms. • You must know about the region. Check out whether it is industrial, employment based, a more college-going crowd, etc. Depending on that, you will get your customers. • You can ask the local council about any future plans of expansion of amenities in the area. • You can even search about the population coming into the region, is it rising or constant. •

You can check about the rents in that particular region and compared with adjoining areas. With respect to the housing property, there are a variety of properties you can invest in, they are: • • Home Units • • Vacant Land • • Service Apartment • • Holiday Apartments • • Hotels • • Retirement Villas Therefore, as you can see, a land or housing property, both has its advantages and disadvantages.

If you do the study about cons, you will come across people who have lost their money on housing properties or serviced apartments and likewise, some have gained good returns in bad times.

Buying a land property can be risky, because there are many opportunities waiting to get your money on fake land properties. There are many ways to know the authentication of the land. You must not buy land without investigating it thoroughly. Therefore, before venturing into any kind of real estate, you must know your investment strategy. The next thing is the type of property you are interested in. The third aspect is your intentions with the property, whether you want it for commercial use, or you want it for personal use. All these three things should be clear in your mind before even going to visit the property. After you are clear about these aspects, only then you can start your search for a housing property. There are display or sample houses built to give a customer an image as to how their houses will look. These houses are given the best interiors to showcase the house in the best manner. Therefore, the customer should be impressed by looking at it. Different families have different requirements, depending on that you must venture into the house.

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