Should you invest in a surf apartment at this time?
Should I invest in a surf apartment next time? It is a question that deserves top attention for the economic situation.
The economic situation is in the process of fluctuating, the economy is tending to decline, a question arises whether to invest in a surf apartment at this time or not. The following article would like to offer some ideas and advice for real estate investors in the current economic times.
- Should you invest in a surf apartment at this time? What is the concept of surf apartment investment?
Surfing investment is not a new type of investment for longtime investors in this real estate field, it is a form of investment with high profit potential.
More specifically, the investor will have to offer from 20% of the price of the apartment. When the real estate is active, you will sell it for an even higher price. Investors will have a huge profit, without giving 100% of the market price.
For example, if you buy an apartment with an original price of 1 billion, you will have to spend about 20% or 300 million and wait for the right time to sell.
Usually, the time will be about 3 months to 1 year, after the real estate you buy shows signs of “hot fever” and investors are willing to pour a certain amount of capital to buy your apartment. At that time, the profit was tens or hundreds of millions of dong in a few short months.
According to many experts in the same industry, this type of investment surfing has the ability to stimulate the market to increase the value of real estate as well as local balance supply and demand and increase the value of cash flow, improving the liquidity of investors. real estate.
However, there are also some cases where there is no knowledge or experience to spend money to buy surfing real estate because the price will go up, but not as expected, the real estate price does not increase, making speculators lose money. , must sell at a loss to recover capital.
- Experiences on investing in surf apartments:
– Invest in a surf apartment at this time, Investing in a surf apartment needs to choose a reputable investor:
This is also the most important step in the process of choosing this type of real estate. In the research process, research should pay special attention to the investor and the previous activities of the investor. We should look for projects on the internet or from friends and family.
To ensure that the investor is reputable, the construction density is on schedule and there are no legal problems.
– Density, construction progress of the apartment:
Construction progress is a huge issue to consider in surfing investors. For an apartment project, the average construction time is 2.5-3 years, the average apartment is 2 years and the average social housing project is 1.5 years.
Construction time depends greatly on the number of floors, infrastructure, and scale of the work.
If the project has a good construction speed or quickly exceeds the equivalent plan, it is likely to reduce risks for investors and increase liquidity in real estate, which will make people more confident to choose.
– Quantity and type of products of the apartment:
Special attention should be paid to the size and type of products to invest in surfing: In which segment should your house be sold with the target audience? As a customer to buy and use, a buyer to live in, an investment buyer, a buyer for other purposes…
If the number of units is more, the process of selling the following products will be slower. Investment must be based on the search, you should choose a studio, a corner apartment with a good direction. Those are all apartments with a limited number of a market.
– Choose the most profitable time to sell products:
When is the time to take profit is appropriate and should have a detailed plan from the time of capital injection. A project will have many stages of development, such as rough construction, foundation work, roof construction, completion, delivery, and product release. Investors should pre-determine the product release time in order to properly balance the capital source, in case of being passive and selling at a loss.
- Should you invest in a surf apartment at this time and Should I invest in a surf apartment at this time?
Currently, according to sources, real estate is showing signs of stopping, due to many different reasons, but mostly due to the freezing of banks, there are no longer credit rooms for the real estate industry, so the Borrowing money to buy real estate is very difficult.
However, when real estate prices are standing still, it is also an opportunity for investors to jump in, can buy apartments at cheap prices, other people’s apartments will cut losses, so that in 2023, it may be profitable.
If you have questions or need to buy a house, please contact ‘603 virtual staging’ for support as soon as possible.
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