The Real Estate industry can be very dynamic. Although very rewarding for the investors with foresight, it could be quite frustrating for the one who dives in uninformed. This is because the Real Estate sector is easily affected by political and economical factors such as a change in government policies or even fluctuations in interest rates. Since investing in real estate is a huge financial commitment, every wise investor needs to be sure of what the future holds before putting in his hard-earned funds.
This article shares tips on how you can Secure your investment and ensure that it not only stands the test of time but of course brings a maximum return on investment. we address this with a mantra we call the 5-Ws
Who: Who is the developer? It is important to know who is behind the development and if they have a track record of completion, or if it is their first time. The same applies to the contractor.
Will the building be completed on time and to the stated quality? It extends also to future management.
What: What is actually being developed? The development must be relevant to the market and its location in order to raise finance and not end up as a paper project. The development should have the relevant facilities required by its target market. For example, a development describing itself as luxury should have at a minimum in this location, basic lifestyle amenities such as a pool and a gym to justify the asking price. The luxury of course should go beyond basic amenities and should typically offer features that create a sense of exclusivity and desirability that regular buyers would aspire to. Luxury is after all more about a sense of pride and accomplishment more than anything else.
Where: Where is the development located? Location is more than Just its immediate surroundings. Important location considerations include the area’s security, access to transportation, proximity to good schools, hospitals, restaurants, leisure centers, etc.
WoW!– Does the development have the wow factor? That something special that sets it apart from the competition. This can be a combination of many things from extraordinary views such as ....... defining water features such as the man-made twin lakes by Chevron, including the use of technology and distinctive architecture. These types of features not only attract the initial buyer but also underwrite the value of Your investment long term. I conic projects speak for themselves, create an enhanced return on
investment and retain their value long term