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Many people are buying real estate to invest money. This type of business, like the real estate resale, is not suitable for everyone. First, we need a lot of start-up investments.
Secondly, there is a danger of becoming a victim of an unfair business scheme, and simply of fraud. Large sums of money always attract rogues. Both of these circumstances lead to natural doubts because the risk is quite high. How to grow funds? According to experts, only a preliminary study of the business, and even down to the nuances, will help to minimize the risk percentage and ensure a good and, most importantly, stable income.
To start a resale business learn about different apartment types. There are several common ways that are popular among real estate businessmen. Here is a part of the interview with the representative of Jacars real estate advertising platform.
It is widely believed that you can make great money on the resale of apartments in new buildings. They say that buying an apartment at the very beginning of construction, when builders literally begin to dig a pit, can bring from 200 to 300 percent of the profits. Is it so?
Buying an apartment at a specified stage of construction is associated with the best price and some risk. The fact is that even a seemingly almost ready house can wait for a connection to it and real commissioning for quite a long time. This may occur for various reasons, but the fact remains: the figures you have mentioned are completely out of the question until the object is completely ready. This is a risk. But even at a stage far from commissioning, the apartment can be sold, but it is unlikely that it will be possible to make the desired profit.
So, it’s clear about the new buildings: the maximum profit at the stage of settlement. What can be said about the acquisition of so-called secondary housing?
You can buy an inexpensive apartment without repair, equip it, make a cosmetic (or overhaul) repair and sell profitably. Of course, the cash costs for its acquisition will be significantly more than for the purchase of an apartment in a house under construction.
In this case, repairs in the acquired apartment are better to do on their own. Today there are a lot of building materials that are relatively inexpensive and have good performance characteristics. Having spent a very small amount of money, you can make high-quality redecoration in the apartment, without resorting to the help of specialists, for the payment of which almost all the profit you dreamed of will go. To do this, it is not necessary to have professional skills or great physical strength, and an ordinary woman can handle this kind of work. Thus, it is possible to significantly save and, therefore, make good money. Yes, it is a lot of work, but it is guaranteed to pay for itself.
What else can be used to make more money on the sale of an apartment?
Lots of people, due to some circumstances, need to urgently sell an apartment. Due to the urgency, they tend to put up an apartment for sale at a fairly low cost. If you skillfully ask for a discount, perhaps the sellers will give it to you. They will not bargain on trifles, because they need to get money as quickly as possible. After a successful purchase of an apartment, all that remains is to put it up for sale at the price that suits you. The main thing is not to let yourself be drawn into the excitement and not lose the sense of reality when preparing for a deal: it is on the desire for quick profits that fraudsters catch their luck, engaging customers in a fast-paced rhythm and making a mistake.
Is it possible to advise novice realtors to work with rooms in communal apartments?
This method of acquiring immovable objects consists of the phased purchase of individual rooms located in a shared apartment, which, as a rule, has a fairly large area. The cost of all the individual rooms you have purchased will be much lower than the price of one multi-room apartment.
If, moreover, this communal apartment is located in a prestigious area, its cost, at resale, will be even greater. Thus, having acquired several separate rooms in a communal apartment and having made redecoration in them, it is possible to sell a large apartment for a good price.
However, it is necessary to take into account that the redemption of individual rooms in a communal apartment will take a long time to complete the entire package of documents for each room. In the process of acquiring rooms, unforeseen difficulties may arise, therefore such a business is better carried out with the assistance of professional lawyers and realtors,
17818 Launches
Part of the Something Else collection
Published on May 30, 2019
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