Investment in the property sector has always been tempting, from the time of our ancestors to the present day property values continue to grow. What about property investment during a pandemic like now? Is it still profitable? Let's look at the property investment tips during the pandemic below!
5 tips for property investment during the pandemic
1. Strategic location
The first thing you should pay attention to is the location. Make sure the location of the property is not too far from public facilities such as supermarkets, markets, stations and schools. That way it is guaranteed that the value of your property will continue to soar from year to year.
2. Pay attention to the prospects of the area in the next 5 years
Furthermore, if you want to buy property, what you have to pay attention to is the future of the area. What it means in the future is whether a new station will be built in the area or if there is a big developer building a shopping center there. For example, an area with good prospects is Depok, because the LRT will be built.
3. Pay attention to the facilities built by the developer
Facilities such as a club house, jogging track will increase the selling value of your house in the next 5 years. Usually the above facilities will only be provided to cluster houses. But if you can't afford it, don't worry, as long as there is access to transportation, it's guaranteed that house prices will soar.
4. Pay attention to the legality of the property
If you buy property, make sure again the legality of the property. Do you already have the SHM and IMB? If there is no SHM and IMB, it is better not to buy property because it will definitely be a loss.
5. Adjust property prices to current financial conditions
This one tip is the most important thing that you must remember, make sure that you are financially capable of buying property. Don't let you run out of money just to pay for the property you bought.