Posts Tagged ‘Property’
Between price, location and purchasing power
To invest in property, according to some sources from comrades in developers, the best-selling home prices in the community are in the sweet price range $ 1.8 billion $ 2.5 billion. In this price range, there’s still the purchasing power of community and the bank was still relatively open to disburse MORTGAGES (mortgages).
Three important points to note when going to buy property are location, location, and location. You must have often heard of the event property. And, in fact, it is indeed like that is. The location became important in the selection of key properties.
Generally accepted theory is increasingly a strategic location will be more expensive price. This is indeed true. But, to note is when prices keep creeping up, going up to as high as what? And, whether the price is as high as it is, there are people who want to or can afford to buy it?
This is important because any likely location of your property and any increase in price is high, in the end the embellish candidates will decide if they want to and can afford to buy it. If no one is interested, then it would be a loss for you because certainly the property it will need maintenance costs and others. In other terms
In considering the location, it’s good you did a survey of the petty first. Try to visit the area of the property at the time of weekdays, during the holidays, or even during the rainy season. Some property developers mentioned that the property they have to offer is only a few minutes from the city center, just you do surveys do indeed as stated by the developer.
Try also you can see the condition of the area when it rains. Don’t get, you buy the property that turns out to be submerged every routine flooding rains. You can do a cross-check to the ordinary people who are engaging in activities around the area.
The property includes a product that was in two worlds. Why is called two worlds? Because, the property can serve as a place of habitation at once can be investment products.
As investment products, real property is often exploited by our predecessors. In some areas, the predecessor of or our parents often buy land with the expectation the price will go up in the future. The concept is almost the same as when they were avidly buying gold jewelry. In General, the property itself can take the form of land or buildings.
The property could be utilized for investment in the future there is the possibility the price will go up. The property will experience a price increase in the future with the logic that the amount of land available is increasingly limited. The increase in price is a minimum of himself can be seen NJOP (object value offers tax) that always goes up every year.
On the one hand, as well as other investment products, the property also has the risk that the price does not go up or even fell. If indeed the limited land, then it is possible it costs down? Imagine if when you bought the property, whether land or a building, apparently in the area there are deposits of nuclear radiation. Of course everyone will re-think buying property in the area, which ultimately made the request and property prices being down
There is one interesting business advice that is taught by Robert T. Kiyosaki, author of “Rich Dad, Poor Dad”, who became Best Seller. Tips that reads, “After we successfully build a business then do not forget to buy the property. In addition we have an income from the business that we run, we also benefited from the gain will increase the value of the property “. I think, right Kiyosaki. Advice was actually the key word is the cause, why the rich get richer. Because rich people are always smarter to buy the property that each time will continue to multiply in value, that’s what makes it richer.
However, long before reading the book, as an entrepreneur I’ve been practicing it since the first. Therefore, there is additional advice I can give to you in buying the property from the profits that you build a successful business. Business proposition reads, “If you intend to buy property, not according to the capability of available funds. Even better buy a property with bank debt. Therefore, the less money you spend to buy the property, the greater your advantage “.
Clearly, if we had a fund of Rp 400 million do not buy a property fund worth fitting that we have. Did not buy a property does not have cash. Can the credit. So should you solve it RP 400 million for four properties, each instance you simply purchase a down payment of Rp 100 million, the remaining USD 300 million from the bank. Well, if you only buy one property valued at USD 400 million, then five years later you will only receive its profits doubled the price of one property only. But if four properties, five years later of your property which was originally 400 million has doubled to Rp 2 billion. So the four properties to be 8 billion.
Perhaps you ask, why buy a property with debts of more profitable? It helps us see the business advice from Dolf De Roos, consultant Robert T. Rich dad Kiyosaki in his book, “Real Estate Riches” Dolf wrote, “I do not buy a property to buy land, Karenina unproductive. I do not buy property for the building because it needed maintenance. And, I do not buy a rental property because it needed management. The strongest reason I bought the property is to get the debt. The reason is simple, “The amount of debt is always the same, but the asset values ??continue to soar”.
With business picking advice, my advice, we should not be afraid owed to the bank to buy the property. Change your mindset, that debt would be inviting trouble for you. It is to learn to foster confidence in the debt so-so start with a small value. But, once you succeed you are not seeking debt to the bank, but banks that would seek to take your debt.
Nothing wrong with that necessarily arise among entrepreneur joked that, “if you dare debt of Rp 50 million, you are have a problem. But if you dare to Rp 50 billion debt. Bank which will have a problem. Believe me, the more often we dare debt, banks will increasingly come to believe in our business. “You dare to try?