Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Few Common Mistakes in Real Estate Investment

By Cranvas Technologies Subscribe to RSS | February 6th 2012 | Views:
loading
 
  



In this article, we try to explore some of the common mistakes that investors generally do while investing the money in real estate. The most common mistake is investing without doing proper research about property or locality. Although there are number of factors to consider like planning about property, funds, maintenance of property etc. Real Estate investment is not a gambling where anyone gets rich in a short period of time. It needs proper research & planning, foreseeing the future of investment, calculation, funds, estimation etc.

Canada is one of the most attractive places for the investment in real estate. Ever since the gates were opened to foreign investors, the real estate investment in Canada has almost touched the pinnacle. New homes are being built in every location; sellers tempt you by offering incentives or attractive offers on buying the property. Following are some of the common mistakes that investors make while investing:

Lack of Planning before investment

Lack of proper planning is the biggest mistake that most of the investors make in real estate investment. They buy a property that seems a good deal but after then they try to find out what next. Property investment needs planning first, and then takes the next step to buy a property that meets your criteria.

Lack of trust in realtors

This is very common mistake that people often make. Firstly, find a good real estate agent who can help you to locate your desirable properties. Then trust him, his suggestions because he can provide you very good suggestions or ideas that what action you should take to avoid any legal conflicts later on. Also trusting a realtor will be better for the smooth dealing.

Old and Fixed set of ideas

Don’t follow your fixed set of ideas for buying or selling any property. Just wait for the right property to buy that sets on your criteria. It’s better to wait for a month or more than buying a wrong property.

Location

Location plays an important role if you are buying any property by considering the future for selling that property or rent out ideas. If your property is nearby to the shopping malls, public transportation, hospital, market, schools or other amenities, then it will attract the renters and potential buyers.

Funds

It’s good to discuss with your financial advisor and your bank for loan amount before finalizing the property to purchase. You should also count the mortgage if you are rent out any property. You should have a proper look on your finances before making any decision on property. You can also do a thorough study of market trends to get the idea of the growth rate of your property.

Paying more than it’s worth

This mistake is commonly done by most of the new investors. They do not do proper research on finding the exact value of property and pay the more amounts then its worth, and repent later on.

So make a strong strategy and follow accordingly to buy, hold and sell or rent out the properties. You also pay attention on the cash used for the maintenance of your property. In the nutshell, your plans should cover all the necessary factors to reach the right decision.

Cranvas Technologies - About Author:
Do you want to know more about Real Estate Investments and Canada Real Estate Investments? You can read more about Canada investment property on our website. Take the free advice from our experts about Real Estate investments and Canada joint venture property and invest on property that best suit your needs.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/real-estate-articles/few-common-mistakes-in-real-estate-investment.htm

Related Real Estate Articles Subscribe to RSS

Guarantee continuous income with sensible property investments
Published by Sophia Milller on December 13th 2011 | Real Estate
There are so many places where you can invest your money. Buying assets is the best thing to do when...
 
Three reasons why investment property repairs should be left to the professionals
Published by Ian Comnys on December 12th 2011 | Real Estate
Exchange licensee Ian Comyns shares a recent case which shows what can go wrong when landlords do th...
 
How to find your perfect property
Published by Ramikenig on December 7th 2011 | Real Estate
With the Dubai property market experiencing a spike in sales prices over the last 3 months it is onc...
 
Investment in Real Estate property in Gurgaon
Published by Pioneer Urban on June 18th 2012 | Real Estate
Real Estate these days has become one of the most dynamic areas of investing and buying. The real es...
 
Buying a home Vs Renting a property
Published by Glyn Jones on December 30th 2011 | Real Estate
Buying or renting a property has their own merits and demerits. Where renting a property gives short...
 
Know some facts before getting in contract for property buying
Published by John Mathews on July 20th 2012 | Real Estate
While you are looking to buy a home, there are certain things that you are to take into consideratio...
 
Delimitate facilities with affordable investment in residential property
Published by Bhubaneswar Property on May 14th 2012 | Real Estate
The most prime factors for choosing flat at Bhubaneswar are very good communication, close to IT Sec...
 
How you can buy residential property on rent
Published by Glyn Jones on June 11th 2012 | Real Estate
Apartment buildings are more complex. Often, people are already living in the suites, and it simply ...
 
Why you should rent a property for your family?
Published by Andy Wagon on February 15th 2012 | Real Estate
To determine which properties are good indeed quite difficult, especially when some properties are n...
 
London property management services growing increasingly important
Published by John M. Alcorn on February 18th 2012 | Real Estate
Many landlords take property management for granted. But with rental prices at an all-time high and ...
 
Know about property management in Marlow
Published by Ricky Charles on January 4th 2012 | Real Estate
In most parts of the world, property rates are going up and people who have invested in property are...
 
Hurry up to purchase your dream property in Aruba
Published by Sothebysrealty Aruba on March 16th 2012 | Real Estate
Due to an increase in the importance of Caribbean land, the real estate business in Aruba is the pro...
 
When you’re spending it large for property it’s advisable to ease up the conveyancing process
Published by Himton Thomas on February 12th 2012 | Real Estate
If you are looking for a cheap and good conveyancing, you need to keep a few things in your mind....
 
Locate a property in Kolkata of your Choice
Published by Simmie on November 30th 2011 | Real Estate
Looking for a property in Kolkata? Ever looked up a classified ads web portal in the property sectio...
 
Online networking and property selling
Published by Matthew Watson on May 21st 2012 | Real Estate
There are many e-portals, which provide details on properties for sale. Anyone who wishes to put his...
 
How to invest in property- by Ian Comnys
Published by Ian Comnys on March 20th 2012 | Real Estate
There are three key areas property investors should look at when finding the right location to inves...
 
Real Estate Agent can be a good Profit maker for your property
Published by Mayank Gandhi on February 28th 2012 | Real Estate
feedbackhere.com: We provide easy to find Real Estate Agent for consumers vendors to make searching ...
 
Rules when renting a property in Malaysia
Published by Jeevan Nanthan on June 10th 2012 | Real Estate
This document describes all the terms and conditions about the contract in detail. In case of violat...
 
Get the best value of your property with Folsom Property management
Published by Nishaidhijames on August 23rd 2012 | Real Estate
Sale and purchase of property is an important part of man’s life. A person always tries to buy a h...
 
Invest on Penang property to enjoy financial security in future
Published by Rick Foster on January 19th 2012 | Real Estate
Everyone out there wishes to secure their future in terms of finances and investing on the property ...