Going to invest in real estate? Great! Undoubtedly it is a worthy long term investment and can help you make great passive income but only if you are well aware of real estate business. If you are a beginner in real estate investment then there is a lot to learn about this. It is a good way to secure yourself financially but just like other businesses it is risky as well. What is important is how you are dealing with everything to avoid unwanted issues. Whether you are a beginner or an expert there are some factors that you should consider while indulging in real estate investment.

FIRST THING FIRST: A CLEAR PLAN ABOUT WHAT YOU WANT?

Going to buy a property but don’t know what exactly you are looking for, this will eventually tire you up. You must have a clear plan in your head about what type of property you are looking for? Either you want a family apartment, single roomed flat or a bungalow with a pleasant garden. According to this you will estimate the amount of investment you are going to have and how much profit you expect in return.

DEPTH INQUIRY ABOUT THE PROPERTY:

What is the most predominant factor about a property? It’s location. It is an unchangeable factor about a property, you can change the condition, interior and even size of the house but not it’s location. Tenants while looking for a house prioritize the safest area like theft or crime free area and where daily basic necessities are easily reachable. So before buying a property you should thoroughly inquire about the location, surrounding area and previous owners of the house to avoid any sort of business or legal issue.

CONSULTATION WITH EXPERTS OF REAL ESTATE INVESTMENT:

As I mentioned about the inquiry of property, consulting with an expert will surely help you a lot. In this case you can consult with Impala Developers, a real estate company in Nairobi, envisioned to ensure a great facility of life and healthy source of income to the residents of kenya. They will completely guide you and help you in getting the property in the most suitable location plus they can also design the house in the required way.

BUY PROPERTY COMPATIBLE TO TENANT’S NEEDS:

Before buying any property you should know whether you are going to rent or sell it. In both cases you must know about the tenant’s or buyer’s needs. Like if you are going to rent the house then you must know what type of facilities the tenant would expect.

This point again comes under location like if you want your tenants to be students or family then having a property near markets and educational institutions would be a plus point. But if you want to rent the house for vacations then it should be like having a nice backyard, wide and pleasing rooms and having a seaside or tourism spot near it would readily increase it’s value.

PROFITABILITY RATIO:

While buying a property you cannot underestimate expenses just because you like it. You have to make a complete estimation about the financial condition of the house, it’s purchase amount, if there will be any need of improvement in its interior?, monthly expenses of the house and it’s income potential. All these factors conclude profitability ratio which is the most concerning factor in real estate investment.

NOT FAMILIAR WITH THE MARKET:

If you are a beginner and not familiar with this market then again consultation will help you a lot or else you will keep scratching your head after every deal. Impala Developers will guide you in not only purchasing a fine property but also protect you from overpaying and market frauds.

Real estate investment is not easy, that is why not everyone can deal with it. It could be a great way of passive income but in the end it all depends on how intelligently you are dealing with the factors and initial issues that come under its way. You can make your biggest investment and get the potential in return if you are doing it right. For this you can consult with Impala Developers. They are the most reliable real estate company in Nairobi that is working to provide the ultimate residents to their clients. You can easily go through websites and check their services as it is good to consult before any investment. Website link:  https://impaladevelopers.com/