The definition of real estate is land and buildings for sale. The land can be ready-to-build land or land that is strategically located and will have potential in the near future when new real estate developments are needed. Each parcel has its own unique characteristics and its location in a community determines its price. There are many ways in which one can earn money from real estate investments. We are going to look at 3 areas that you could venture into, which are residential, commercial and industrial properties.
residential developments
Buying land and building a building is one way to make money in the real estate market. Land reserved for residential purposes has in some countries strict guidelines and rules, how the house should look, starting from the height of the building, to the size of the garage or car park, to the guidelines that determine whether a front garden is allowed or No. That is why it is very important to find out from the town hall that publishes these data before hiring an architect and not request a building permit that is condemned to be accepted at the time of delivery. If you are building a house to sell or rent, the design and overall appearance should meet the taste of the general public. Modern, light buildings with fitted kitchens and nice bathrooms are always desired.
You can also buy a larger plot and build two houses under one roof and sell only once, when the building structure is complete and interior work begins. This is a way to finance the rest of the construction of your own home and leaves the buyer the opportunity to build his dream home.
Residential developments such as high-rise or low-rise condominiums with a community pool, tennis court, perhaps even equipped with its own gym, complete with sauna, and its own underground parking are sought after by people looking for long-term and rental property. short term housing. Guarded by security that monitors incoming and outgoing traffic give them a sense of security and these types of buildings have the greatest potential to generate good profitability when located in tourist areas and areas of high population density, since they provide a life-style. which is associated with luxury and is therefore always in high demand.
commercial real estate
The best option is to buy commercial buildings that have been abandoned and rehabilitate them to recover their value. If the location is good for business, your property will find a new commercial owner very soon, but remember that location is key before starting this venture.
industrial properties
They are also valuable, costing relatively less to build than commercial properties, however in most developed countries monitoring laws to prevent pollution and extensive paperwork must be completed. Each industry has its own requirements that must be adhered to when building the building, so you need to know which market you need to expand into. You can buy industrial land and build an industrial hall or warehouse on it and offer it for rent. Leasing real estate in the industrial market will allow you to get a good return on your investment. You will have the option to lease your property for a specified period of time, when the contract is up you can open up space for purchase negotiations, which is to your advantage as no one likes to move.