People have been investing in the real estate left and right in almost all generations. The faith that one has in the returns from real estate has encouraged individuals time and again to explore various options in the real estate industry where they can put their money. Eugene Bernshtam a real estate investor bears witness to the increasing investments in various types of real estate options.
With the coming of greater population towards the cities and the building of houses, the business of real estate is booming. The profits offered by investment in real estate are many and that makes it even more lucrative for people to invest in it. There are many types of real estate profiles that one can choose to invest in, depending upon their needs.
One could choose to invest in residential, commercial, raw land or new construction, REITs or in crowdfunding platforms. Some them call for a direct and active participation while others a passive and indirect participation. The strategy selected would be based on the sole discretion of the investors. Investors like Eugene Bernshtam can do so according to their current situation and convenience.
The beginners in this investment area should start with investments in the residential space. Here they are able to buy a property and either rent it out or sell it to another buyer after making some renovations. The profits that one gets from real instate is multifaceted. Some of the factors that make it so profitable include:
Size– the bigger the size of the property the greater the profits that can be acquired. The value of ones property increases depending on its size.
Location – the location acts as a great advantage to the owner of the property. The closer one is to the prime locations the more the price of the property. The center of action of the place one is in, plays a vital role in this regard. The closer one is to that the more the value of the property
Neighborhood – Investors such as Eugene Bernshtam look out for a good neighborhood when they invest in a property, this is because the convenience of access to the important areas of a particular place adds value to one’s property. A high-income neighborhood is a preferable one and has a higher value attached to it.
Population – Although the growing population is not a welcome thing for the world at large, yet it plays a positive part in the increment of value of real estate. An area where the population is small becomes disadvantageous because when the new properties come up there would no be enough people to fill them and generate revenue.
Inflation –The best time to buy a real estate in when the prices are at the lowest. This helps at a time when people do not have the kind of money to hire expensive houses. They resort to renting low priced houses and then this property that has been bought is sold like a hot cake.
