For those of you who want to buy a house, considering the developer’s reputation is a must. There are many cases where consumer rights are ignored by developers, ranging from facilities that don’t meet their promises to houses that never turn out. And usually, many people are tempted to buy property units because of attractive property sales offers. Real estate salespeople do often offer the lure of ease of payment along with brief project presentations via brochures. However, have you ever thought that the developer could deliver on the project as promised? Have these developer’s past projects made consumers feel satisfied?
It is very important to do in-depth research on the real estate developer profile. Starting from projects that have been done, you can get a lot of important information. For example, did they finish on time? How about reviews from residents or real estate buyers? A good developer not only builds a property but also increases the selling price and investment prospects in the future. Then how is the developer’s reputation makes the heart calm? Some housing projects or apartments are made standard and common: some residential units and public facilities such as gardens, swimming pools, and jogging tracks. Some developers think about deep concepts, for example, their residential units are surrounded by complete facilities and lifestyle, such as recreation, commercial, and business centers. Things like this provide a big advantage for the residents.
A credible and responsible developer must have a clear construction calendar. They must also have sufficient capital to complete the project in the next few years. When launching a project, the developer usually announces a development plan, starting from the financial budget, the number of units marketed, and the target time for handover. You can check this from the press/media reports, both online and offline. It is very important to know what the developer does from a project he has completed. Public opinion is an ideal yardstick to find out how well a developer is doing. Or you can check past projects from the company website, then research each project through various sources: opinions from residents of the house, or news from the mass media.
Flipping is a fast and profitable way to invest in property. Flipping is usually used by people who are familiar with buying and selling real estate. So, let’s learn to invest by investing in real estate with a flipping strategy. To invest in flipping, the first thing to do is to know what flipping is and whether you want to do it. The flipper buys a home that a typical home buyer wouldn’t normally buy to renovate because the typical home buyer wants his house to be ready to live in.
After understanding the essence of flipping, the next step is to do market research. Researching the market price of the property you are about to flip is the main thing. Make sure the price you want to buy is a price below the market price, and by your finances. You have to know how much money you will need, and what kind of market can be reached with such a large amount of money. We can see the market price of the property by classifying the surrounding environment, for example, the three properties to be folded are residents who have high financial capabilities, or just so you can estimate the market price of the property that you will flip. Budget and business plan are important things. Create a budget and business plan that suits your finances and needs, such as the size of your funding needs and the scope of your project plan.
If you need funds from other people, before you make an offer, make sure you have the funds to use. If you are going to borrow funds for flipping properties, make sure you have funds ready too because lenders or lenders for property purchases are around up to 90% and up to 100% for property renovations. To calculate the estimated funds that you need. If this is your first time flipping property, you should get in touch with a contractor. Look for a contractor who can help you in renovating the property to the maximum and at the right price.