How to Achieve High Profits in the Real Estate Investment?
When an investor wants to invest in the Turkish real estate through the purchase of a property, the achieved profits largely depend on specific criteria. Consequently, the investor should abide by these standards and controls that could turn his investment to a successful investment which would bring him high profits and that is what required by the investment. The most important points that the investor should pay attention to in the real estate sector when doing investment are:
Location: when doing a real estate investment, the most important thing that you need to pay attention to is the location of the property, It is important that the investor should be precise in selecting the location of the property, and it is better if the investor would purchase property in an areas that are still experiencing growth and development, this is because real estate prices in developed areas, which completed its growth has reached almost its peak, therefore, their prices would be precise when the investor will purchase the property with high price and sell it at a more higher price, while the price of real estate in areas that are still experiencing growth and development has not reached the peak yet, and it rises gradually, whenever the growth and the development of the region is increased the value of the region will increase more and more and this will be reflected on the property in the future, so the investor can buy the property at a reasonable and cheap price in these areas and within a year or two the region will have been increased in growth and development. Thus, the investor would have achieved a high profit when he sells, and the more the investor will wait the more the value of property, which he invested will increase in this region.
Another important point that is also related to the location is the proximity and the distance from the official and non-official institutions, the more the location of the property, which the investor wants to purchase is close to a hospital or a school or university or a court or the central area or a vital region, the more the real estate can achive highly profits in a short period of time.
Construction and Marketing Firm: there are few construction companies that are turned to an important title for real estate investment that’s because of the steady projects which they have set up before, so when you buy the property preferably purchase from a well-known companies that have a long reputation in this sector, because that is more profitable than purchasing from the third-party unknown companies (obscured), where the discreet construction companies are trying to preserve the reputation by providing the best, it is better to do investment by real estate marketing companies, especially if these companies have a good reputation, also these companies are doing research and investigation in the markets in order to determine the appropriate real estate and submitting it to the investor, cause it is based on its long experience of the market, where you can determine the properties that can bring high profits for their investors, and they will do everything they can and provide the best of their services in order to win more customers.
Space: The invested Property’s space is also important, buying a small and medium-sized properties is preferable, where the price of small and medium-sized properties is cheaper than the big properties cause it provides the investor an opportunity to invest with a shoestring budget, on the other hand, the ability to achieve profits in this size of properties is greater than properties of big sizes, also we must remember that small and medium-sized properties sale is much easier than selling large property.
Transportations: Transportation, particularly public transports like the metro, the tramway and the metrobus is one of the important things that determine the value of real estate, especially in big crowded cities, having more means of transportations in the invested region increases the value of this region, as well as the proximity of the property from the point of transportation increases the value of this real estate.