Owning a rental property is the right step to increase your coffers of wealth. The existence of property allows you to easily get passive income, without the hassle of working from day tonight. How about you? Doing so at Shapoorji Joyville Manjri can make it easier for you to prosper in old age.
If at this time the money you have has collected and you want to find a house to rent, you need to pay attention to several criteria that make the rental house have value in the eyes of the tenants. The important criteria which we will explain below will greatly influence the amount of public demand for these rental houses.
Anything? Let’s look at the explanation further so you can learn property investment.
1. Pay attention to the environment around the property
The environment or location where a property is located will greatly affect the type of tenant who will rent it. If the location of the house or property that is owned is in the vicinity of a university or school, then students and students who attend school there will become potential tenants.
2. Property Tax to be Paid
The thing to know is that property taxes differ from one region to another. Therefore, it is important to know the amount of tax to be paid so that the rental income does not cover the existing taxes. Don’t be too overly concerned about high taxes, if the area is strategic and has many potential tenants, there’s nothing wrong with buying property there.
3. What Level of Crime Is There?
The best way to measure crime rates in an area is to look at statistical data that are usually available in public libraries. Know the exact level of vandalism, petty crime, serious crime, and so on.
4. Existing Facilities
People living in an area not only need a place to live but also need a variety of entertainment and various other facilities. The location of a property is said to be strategic if it is close to shopping centers, malls, public transportation facilities, cinemas, health facilities, and so on.
5. Future Development Plans
A property is considered valuable not only from its current situation but also in terms of future development plans. If the area is to build high-quality apartment buildings, malls, and schools, then the area has the potential to have excellent growth.
Well, that’s an important consideration before property investment. What do you think are the advantages and disadvantages of investing in the property above?