Tips to successfully invest in real estate to rent out

Who wants to invest in real estate to rent, wants one thing: return. Unfortunately, that does not come out of the blue, so you have to make a lot of effort yourself. Therefore: ten tips from real estate owners who know the blows of the whip – and the setbacks. A very good example for the investment details is 543 Richmond condos, they provide each and every details about the project for the investment.

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1. Buy close to home

Anyone who invests in classic real estate for renting is doing so close to home. Of course you do not have to buy your neighbor’s house, but investing in a rental apartment on the seawall while you live in Limburg yourself is not a good idea. The reason: time is money . The further you have to move to manage your rental property, the harder it gets.

2. Cluster your real estate

This tip is also about efficient time management. If you invest in several classic investment properties (houses and apartments), it is recommended that they lie in a limited radius of each other. This way you can easily manage them at the same time and you do not need to make unnecessary trips. The further apart your different properties are, the more time – and therefore money – you lose.
On the other hand, you also need to pay attention to risk spreading. Do not put all your eggs in the same basket and invest in different municipalities if necessary.

3. Never buy – or hardly ever – where you do not feel safe

Renting properties in neighborhoods or cities where you would rather not come yourself, like some municipalities in Brussels, is not a good idea. After all, if you manage your own assets, you can only go on the spot occasionally. Real estate investors are also often put off by rundown neighborhoods, but you do think twice about that. A smart project developer who buys up the site to upgrade them offers great prospects for returns and added value. Good examples are ‘t Eilandje in Antwerp and Seaport Residences in Zeebrugge .

4. Provide a financial buffer

Pumping 100% of your savings in real estate is not a good idea. You never know what tomorrow brings, and moreover, the golden rule of all investors is: diversify. So build up a certain buffer, because classical real estate wears out and needs regular maintenance, repairs or renovations. As owner you are running for the costs. The older you are, the more assets you can invest in real estate.

Investors want classic real estate to rent out.

Classic real estate for renting is popular with investors.

5. Do not just bet on the added value

Real estate investors often invest in the added value of their patrimony with a subsequent resale. That is not a good idea. You should not assume that the added value is already established or even realized. Again the credo is: you never know what tomorrow brings.…