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Dec 15 18, 11:58 am

Dubai makes it to Lonely Planet’s top 10 cities to visit in 2020

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Real estate investing: all you need to know

by | Feature, Finance

Dec. 15, 18 | 11:58 am

Planning to invest in real estate? Here are some expert advice from people who know the trade.

1. Location is important, BUT there’s always a good location everywhere because there’s whole bunch of different people with different jobs, different preferences, different circumstances and so on..

Besides, established and trusted condo developers are not stupid to build their condo projects at locations where no one would be interested.

So, if you are looking to buy a condo for investment, your choice should really just depend on who your target market is.

2. Know Your Target Market

In the Philippines, condominium developers build projects for specific groups of people. They already have specific targets before they launch their projects.

Some condominium projects are built for the average guy and some are built for the one who got ahead in life. They are not built equal.

So if you are to be wise in your real estate investing, do your research and find out about the trends in the market. Just because the Juan who got ahead in life is willing to pay more for his shelter requirements, doesn’t mean the high-end market is always the most lucrative.

3. Be Serious About Your Timeframes

Timing is also one of the most important elements in real estate investing. It is so important that if you mess it up, you could potentially end up stuck with a useless property. One that will never produce a return on your investment for the next decade!

4. Consider the Developer of the Project

When you buy a condo unit in the pre-selling phase, you need to see to it that your developer can deliver your unit at the time they promised.

Aside from delivering on time, also ask around and check for yourself the quality of work different developers deliver. Nobody wants condo units with leaking sewage pipes from the floors above, within a few years from turnover.

5. Know Your Payment/Financing Options

If you want to make serious money investing in condo properties, you should learn about the word “leverage,” which is about using as much of other people’s money and as little of your own money as you can, to buy your real estate investments.

6. Develop a Long Term Plan

Real estate is serious business and things like this require long term commitments. That is, if you want continuous and compounding profits and/or income.

Buying your first condo unit is just the first step. You don’t stop from there if you want real success. And the best way to keep going forward and never get lost is by following a long term plan.

7. Keep Yourself Updated

This will keep you “in the know” of what’s currently hot and what’s not. Part of keeping a good long term plan is updating your plan as you go along. Make your plan adapt to the changes in the market.

It’s back! The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), is back. It has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

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It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

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