ByJohnSageMelbourne

Whenitconcernspropertyinvestment,youwishtobeFortKnox—nobodygetsinunlesstheygothroughnumerouslevelsofthegreatestsecurity.Whetheryou‘reabeginneroranknowledgeablefinancier,theprincipleistheverysame,andthatistobeselective.I‘vebeendoingthisforyears,andIstillgothroughthefollowingitemisedpre-purchaseexamination.Utilizeittoyouradvantagewhenyou‘rechoosingwhat‘saexcellentinvestment.

ZONING
Youneedtounderstandthatvarioushomeshavevariouszoningclassifications.Forexample,ifyou‘redreamingofdevelopingasetoftownhouses,youwouldnotpurchaseaindustrialwebsite.Ensurethezoningwillsupportyourstrategies.

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WEBSITEPROPERTIES
Examineyourpropertyonitsphysicalqualities.Isitbigenoughforwhatyou‘replanning?Isitlevelorsloped?Doesthefrontagehelporpreventyourvision?Existfireorfloodingdangers.Youractionstotheseconcernswillprovideyouaexcellentideaofwhetheritisawisebuyorsomethingtoavoid.

ANALYSETHEMARKETPLACE
Themarketplaceinwhichyourpotentialpropertyissituatedwillconsiderablyaffectonyourdecisiontobuyit.What‘sitsurroundedby?Howmuchdoesitcosttodevelopthere?Whatarethedemographicsofthesurroundingareaandwilltheywantwhatyou‘replanningtoconstruct?What‘sthepredictedendvalueofyourtask?Getclearanswerstotheseconcernsorsufferpriceyeffectslateron.

LANDPURCHASE
Doyouunderstandhowyou‘regoingtoacquirefundsfortheproperty?Thereareincreasingrestrictionstoobtainloansforinvesting,andyoumayneedtonegotiatethecostortermsoftheloanandpurchase.Haveyouthoughtaboutcollaboratingwithanotherinvestor?
Knowingwhattotrytofindinadevelopmentpropertyistheessentialtomakingwisepropertyinvestments.Doyourresearchandenterintothingswitheyeswideopen.

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