The question “How to identify a good property investment?” is one that I get asked quite often by my friends. It is an important one because investing in real estate can be a very lucrative venture if you know what you are doing and if you do your homework. Here are some tips on how to identify a good property investment opportunity.
Look for property with upside potential – When you are looking at properties you should always look for one with potential. The more potential a property has the more likely it will appreciate over time. This means that a good property will have room to grow, has a good resale value, and will have low repair costs.
Look for property in areas of high demand – Areas with high unemployment and high levels of foreclosure will always have a higher demand for properties. If you look at properties …
