Hello! Today we’re kicking off our exciting series “16 Effective Real Estate Investment Strategies.” We’re starting with a seasonal favorite—pre-construction investment, beloved by everyone who wants to feel like a real estate wizard.
Strategy 1: Pre-construction Investment
Buying Early in the Construction Stage (or How to Buy a Beautiful Render and Win)
Why It Works, or How to Become a Real Estate Tycoon from the Ground Up
The key to success is simple—buy today, sell tomorrow at 20% more. But, as always, the devil is in the details. Here’s what’s important to consider:
Neighbor’s Prices Should Be Your Best Friends: Before buying, make sure to check the prices of similar properties in the area. Don’t fall into the trap of idealizing your investment project. If a neighbor is selling their shack for a fortune, it doesn’t mean your prices will also skyrocket—be realistic and bet on the market averages.
Developer’s Reputation: Know your developer like the back of your hand. A newcomer in the market might offer tempting prices, but the risks are like Russian roulette. Find out everything: from the company owning the land to the contractor building it. If all elements fit into a mosaic of reliability and professionalism, then go ahead—20% profit might be waiting. But remember: a verified developer with a portfolio of successful projects is always safer.
Property Type Matters: Remember, a luxurious villa with a sea view and a modest studio in the city center are like champagne and lemonade. Both are popular, but they have entirely different target audiences and potential for growth. A studio might attract more renters, but a villa could yield a higher percentage of value increase, unless, of course, you bought it at spaceship prices.
Market Trends: What’s selling today? If Israelis are tearing up Larnaca, that’s one trend. If a new university is built in Paphos, that’s another. Understanding where the market is heading and where it will be in two years can greatly enhance the effectiveness of your investment.
So, friends, if you’ve decided to invest in real estate at the excavation stage, remember: investments require cool-headedness, analysis, and intuition. May luck be with you!
If you have any questions, feel free to write to us in the chat, and we’ll be happy to answer them!
