The following are some considerations that should be look into before making the very important decision to be a property investor:
Deciding what type of property to invest in makes a lot of difference in how the entire buying exercise plays out. Different types of properties require different types of investing techniques and commitments.
There are also considerations such as property market movements, which will generally affect non landed properties much more than landed ones. This of course not only applies to the sales market but also to the rental markets too.
When considering making purchases, the investor should always try to include a clause in the agreement whereby there are options available and in place to nullify the agreements should the intended property to be purchased is not what it was portrayed to be.
Houses also present a better option for extensions, redesigning and remodeling possibilities and this can add value to the property. With flat, apartment and condo such exercises have limitations and various approvals have to be sought before any work can begin.
Before committing to a purchase the buyer would also need to have a thorough inspection done on the property to ensure its justifying value. Surveying the surrounding area is also something that should be done as it will defiantly have some bearing on the property value both in the present time and in the future.
Preparing the adequate amount of financing is also something that is important when investing in property. The end result should be favorable to the investor, otherwise the entire exercise would have been wasteful and even worse debt contributing.